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Central House, Jamaica Street, Glasgow

£40,000 0 bed Studio

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Price reduced Slow to sell
This property has been sitting on the market since December 2018. The asking price has been reduced twice by a total of 27% from the first listing price.

Average prices in G1

Listing price history

Transaction tax (LBTT)

Buy-to-let£1,600
Primary residence£0
First-time buyer£0
Non-residential£0
Central House is close to all that the city has to offer as well as being also conveniently located near all three of Glasgow’s premier universities — the University of Glasgow, the University of Strathclyde and Glasgow Caledonian University.

Central House is perfectly designed with a student tenant in mind. The apartments feature study space complete with a desk and chair, furniture, ample storage space, a fully-fitted kitchenette and separate en-suite bathroom.

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

This is a fantastic investment opportunity for either new or experienced landlords and benefits from block management already in place so that you know your investment is in safe hands!

Financial Breakdown

Gross rent: £5,415
Ground rent: £0
Service charge: £2,335
Lettings fees: £520
Net income: £2,560
Gross yield: 13.54%
Net yield: 6.4%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-12084
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