Earn instant income on this already tenanted investment opportunity - cash buyers only! This excellent studio apartment is located in the heart of Glasgow city centre.
Originally used as a Sheriff's Courthouse, St. Andrew's Court has undergone an extensive refurbishment and is now used as high quality student accommodation. Despite its change of use, the building retains many of the original period features which give it a unique character - a world away from standard student accommodation.
Residents will benefit from the high specification of the apartments as well as the outstanding communal facilities which include a private on-site gymnasium and a communal games room with pool tables.
The development itself is right in the heart of Glasgow, close to both the university and all local amenities. The city centre is one of the most exciting places to be in the UK and residents are sure to appreciate the short journey from home! Public transport in Glasgow is also of a high standard, and trains from the city station travel to all the big cities.
This is a student investment and suitable for cash buyers only. Please contact today to avoid disappointment; this is a great addition to any Investor portfolio!
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Please note, under Scottish regulations these properties are rented using a Private Residential Tenancy (prt) which is a 4-week monthly rolling contract. Figures are illustrative of a 51 week term in line with the academic year but are subject to change.
Financial Breakdown
Gross rent: £7,446
Service charge: £3,329
Lettings fees: £894
Net income: £3,223
Gross yield: 16.55%
Net yield: 7.16%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-06903
