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Central House, Glasgow

Development Details

  • Price: £41,950.00
  • Location: Glasgow
  • Region: Lanarkshire
  • Country: United Kingdom

Highlights

  • Freehold investment property
  • Lower tutition fees in Scotland
  • Occupied since relaunch in 2014
  • Leading student management company

Enquire about this Development

Information on Central House

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.
 
Investment Highlights - Central House
Unit 7.04 currently tenanted for 44 weeks at £132.50 p/w.
Unit 7.05 currently tenanted for 51 weeks at £118.80 p/w.
 
Unit 7.04
44 weeks x £132.50 = £5,830.00
Lettings fees = 8%
Service charge = £2,335.35 per annum
Net rental income per annum = £3,028.25 (6.05% net yield)
Freehold investment opportunity - Zero ground rent charges
 
Unit 7.05
51 weeks x £118.80 = £6,058.80
Lettings fees = 8%
Service charge = £2,335.35 per annum
Net rental income per annum = £3,238.75 (6.48% net yield)
Freehold investment opportunity - Zero ground rent charges
 
Reservation and Purchase Process
£2,000 reservation fee (fully refundable up to completion)
Balance on completion
Cash purchase only

Development Availability

PropertySizeBedroomsPriceEnquire
Studio Apartment--£41,950.00Enquire

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Call us on +44 (0) 161 337 3890 or contact us using the form below

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  • All the way through the process you have kept us informed and dealt with the negotiations in a most professional way.

    Audrey & Colin | Lancashire

  • "My wife and I were looking for purpose built student accommodation for investment and, notwithstanding that we were not their clients, the team at Hopwood House took the trouble to identify our goals and then set about helping us to achieve them."

    Peter Taylor | Student Accommodation Investment

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