58, Jamaica Street, Apartment 4.09, Glasgow City Centre, G14NN
- PROPERTY TYPE
Flat
- BEDROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- *** PRIME INVESTMENT *** Student Flat in CITY CENTRE with RENTAL INCOME OF £9,500-£10,000 PER ANNUM. HIGH YIELDING STUDENT RENTAL INVESTMENT Close to 3 leading universities.
- The rent is set around £900 per month (Tenanted at £235 per week). Leasehold Sale. Located within the Xenia Student accommodation building - Fully managed by student property management specialist.
- PEREFCT PURCHASE FOR INVESTOR with realistic rent in this area of up to £10,000 per annum and potential to increase rent in line with current market condition. HIGH STUDENT TENANT DEMAND LOCATION.
- Prime G1 postcode near to Clydeside and Argyle Street - OPPORTUNITY TO BUY PRIME PROPERTY IN GLASGOW CITY CENTRE. Well placed for a wide range of amenities and excellent retail shopping facilities.
- Property benefits from a private residents' gym, games room and an entertainment room along with numerous communal areas where students can socialise with other like-minded residents. Leasehold Sale.
Description
** SALE BY AUCTION - 11 July 2024 - Timed Online Auction **
Student accommodation located with Glasgow city centre. Fully managed purpose built student development ideally located in the popular student city of Glasgow. This spacious student studio, perfectly located in the heart of Glasgow city centre, is currently tenanted at £235.00 per week. 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. Central House is a centrally located student accommodation development, perfect for those attending the three nearby universities - the University of Glasgow, the University of Strathclyde or Glasgow Caledonian University. 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. Leasehold Sale. Unit 4.09 - Investment Highlights (27.3 square metres) Guide Price - £44,000 4th floor double studio (accessible studio) Estimated gross return of £11,280 per annum based on 48 weeks paying £235 per week Large 27.3 square metre unit Annual service charge - £4,636.96 Estimated net rental income - £5,154.08 per annum High-specification student studio. 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.
Jamaica Street is located by St Enoch's Centre in the city centre and is perfectly positioned to take advantage of all the amenities the city centre has to offer. Furthermore, St Enoch subway station and Glasgow Central rail station provide public transport to outlying areas. Also easily accessible are the M8/M77 and M80 motorways whilst the new M74 extension offers quick access out through the city to the south. The property is in close proximity to Strathclyde and Caledonian Universities, the Glasgow School of Art, Royal Conservatoire as well as Glasgowâ??s #IFSD, the SEC and The Clyde Auditorium. The area benefits from frequent public transport with easy access to Central and Queen Street Train Stations, and St Enoch subway stations. Public transport and road links are exceptional. Parking permits are available on subscription with next door NCP or Jamaica Streetâ??s Q-Park. Glasgow which has benefitted from significant redevelopment in the last few decades with both commercial developments and exclusive residential buildings. This setting offers one of the most prominent social locations Glasgow has to offer with a wealth of amenities including both general and specialist shopping, wine bars and many highly acclaimed restaurants and is also conveniently located for access to the Merchant City.
Auction Details
11 July 2024, 10am-3pm
Timed Online Auction
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- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
58, Jamaica Street, Apartment 4.09, Glasgow City Centre, G14NN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Glasgow Central Station0.1 miles
- St. Enoch Station0.1 miles
- Argyle Street Station0.2 miles
About the agent
Future Property Auctions, Glasgow
241 Kilmarnock Road Glasgow G41 3JF
We are one of Scotland's LARGEST dedicated residential and commercial Property Auctioneer with a growing UK wide presence. Our regular programme of large scale property auctions feature lots from throughout Scotland and the wider UK as well as regular properties available for purchase by Private Treaty and Tender.
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