Studio Flat For Sale £50,000
Jamaica Street, Glasgow G1

Pure Investor are delighted to present Central House, a fully completed development ideally located in the popular student city of Glasgow.

Located right by Glasgow Central Station, with easy access to shops, restaurants and the city’s universities, Central House couldn’t be better located for student life.

All units include their own kitchen, bathroom and study area – ideal if you’re looking for your own living space, free from distractions. Students also have access to communal facilities, including an onsite gym, games room and private outdoor terrace.

Fully managed by one of the UK's leading student property management companies, these two units are offer investors access to the hugely popular student residential sector in Scotland. As such, we would anticipate a considerable level of interest in these units from launch.

Financials - Studio 1.04 Central House

Price - £50,000

Currently tenanted at £173.00 per week

Estimated gross rental - £7,958.00 (46wks at £173.00 per week)

Service charge - £3,756.76 per annum

Management fee - 11% (plus VAT) per annum

Ground rent - Not applicable (freehold property)

NET rental - £3,150.79 per annum

NET Yield - 6.3%

* Existing tenant since September 2022. New market rate for this unit will be £235.00 per week moving forward upon confirmation of new tenancy.