Studio Flat For Sale £65,700
Bath Street, Glasgow G2

Pure Investor are delighted to present Robert Owen House, an exciting new student development comprising of a range of luxury student apartments, ideally located in Glasgow.

Robert Owen House is a refurbishment of a former office building that has been designed to create quality student accommodation in the heart of Glasgow. Robert Owen House comprises of 101 studio units, each fully furnished with a private kitchen, bathroom, and study area.

Alongside offering students their own living space, student residences will also benefit from an array of onsite amenities, from; the onsite gym and secure bicycle storage to a games room, social events and laundry area.

Financials - Premium Studio 1.12 Robert Owen House

Price - £65,700

New tenancy confirmed starting September 2023 at £210.00 per week

Estimated gross rental - £9,660.00 (46wks at £210.00 per week)

Service charge - £3,455.00 per annum

Management fee - 11% (plus VAT) per annum

Ground rent - Not applicable (freehold property)

NET rental - £4,929 per annum

NET Yield - 7.5%

Robert Owen House - Management and Lettings Offering For Landlords

Investors in the Robert Owen House development will benefit from the services of Xenia Student Lettings, who offer a full management and lettings solution for landlords. As such, the development will offer a genuinely 'hands-free' investment solution. A full breakdown of annual service charge fees as well as lettings and management fees are available for all interested parties.

Pure Investor have been working in conjunction with the team at Xenia Student lettings directly for a number of years, and as such we are able to assist with a smooth transition of ownership where required. For clients considering purchasing a student property at the Robert Owen House development, we would also recommend that you view the Xenia Student Lettings website.