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Central House, 50-58 Jamaica Street

Key features

  • Multiple units available
  • Popular student development
  • Onsite gymnasium
  • Fully furnished
  • Close to university
  • City centre location
  • Earn instant income
  • Shops, bars and amenities nearby
  • Fantastic student facilities

Description

Central House is close to all that the city has to offer as well as being conveniently located near all three of Glasgow’s premier universities—the University of Glasgow, the University of Strathclyde and Glasgow Caledonian University.

In addition, this development has a range of on-site facilities that would not look out of place in a boutique hotel - A private residence gym, a games room and an entertainment room along with numerous communal areas where students can socialise with other like-minded residents.

Central House is perfectly designed with a student tenant in mind. These apartments feature study space complete with a desk and chair, furniture, ample storage space, a fully-fitted kitchenette and separate en-suite bathroom.
Both Caledonian University and the University of Strathclyde are less than 15-minutes walk from the building, and with both Glasgow Central Train Station and St Enoch Subway around the corner, students can easily travel to the West End and the University of Glasgow.

Interested? Take a look at the financial projections below based on a sixth floor studio. We have a number of investment opportunities available in this development, so please contact us today to request a full breakdown.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

Financial Breakdown

Gross rent: £6,800
Ground rent: £0
Service charge: £2,400
Lettings fees: £890
Net income: £3,510
Gross yield: 16%
Net yield: 8.26%

IMPORTANT NOTE TO PURCHASERS: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.



yieldit ref: YL-16973

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Central House, 50-58 Jamaica Street

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Glasgow Central Station0.1 miles
  • St. Enoch Station0.2 miles
  • Argyle Street Station0.3 miles
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About the agent

yieldit, Manchester

Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.

yieldit, Manchester

Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartmen

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Disclaimer - Property reference YL-16973. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by yieldit, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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