Studio Flat For Sale £50,000
St. Andrews Street, Glasgow G1

Refurbished to a high standard by one of the UK's leading student property management companies, St Andrews is one of Glasgow's leading student developments. As a boutique student development, St Andrew's stands far above its counterparts due to the superior standard of living it provides for students studying at any of Glasgow's prestigious universities.

Student units in Scotland are typically in high demand from investors, this is due to the fact that the majority of students do not pay tuition fees and as such there is likely to be considerable demand for the units we have available. These properties are also FREEHOLD.

Please note - There is extremely high demand for purpose-built student properties in Glasgow city centre, and at present the management company for St Andrews (Xenia) has a waiting list in excess of 400 students for a student studio in Glasgow.

Investment Breakdown

• First Floor Self Contained Student Studio 18.4 Sqm
• £200 per week rolling tenancy started June 2023 (PRT Agreement)
• Estimated Gross Rental (based on average 46 weeks) - £9,200 approx.
• Service Charge - £3,803 per annum
• Management Fee 11% plus VAT - £1,215 inc VAT
• Potential NET Rental Income - £4,182 per annum
• Potential NET yield - 8.3%

Investment Highlights

• Hugely popular destination for students and investors
• Freehold property investment (no annual rent charges)
• Higher than average rental yields
• Within walking distance of all Glasgow Universities
• Excellent communal facilities to attract students
• No student tuition fees in Scotland, high disposable
• Leading student management company in place
• Fully tenanted every year since refurbishment
• Full time caretake, CCTV and key card access to create a safe environment