Studio for sale
Key information
Property description & features
- Tenure: Freehold
- Fully managed, and hands free investment
- Close proximity to three major universities
- Currently tenanted at £225.00 per week
- Spacious 'Accessible' student studio
- Leading student property management company in place
Refurbished to a high standard by one of the UK's leading student property management companies, St Andrews is one of Glasgow's leading student developments. As a boutique student development, St Andrew’s stands far above its counterparts due to the superior standard of living it provides for students studying at any of the Glasgow’s prestigious universities.
Student units in Scotland are typically within high demand from investors, this is due to the fact that the majority of student do not pay tuition fees and as such there is likely to be considerable demand for the units we have available. These properties are also FREEHOLD.
Please note - There is extremely high demand for purpose-built student properties in Glasgow city centre, and at present the management company for St Andrews (Xenia) has a waiting list in excess of 400 students for a student studio in Glasgow.
Accessible Studio 1.27 (21.3sqm) - £60,000
Accessible Student Studio
Current Rental - £225.00 per week
Gross rental income p.a. - £10,350.00
Annual service charge - £4,118.00
Estimated net rental income p.a. - £4,865.00
8.1% net rental yield
Highly experienced student management company
Hands-free, fully managed investment
Investment Highlights
Hugely popular destination for students and investors
Freehold property investment (no annual rent charges)
Higher than average rental yields
Within walking distance of all Glasgow Universities
Excellent communal facilities to attract students
No student tuition fees in Scotland, high disposable
Leading student management company in place
Fully tenanted every year since refurbishment
Full time caretake, CCTV and key card access to create a safe environment
Payment Plan
Reserve your unit with a signed reservation form
Provide certified ID, proof of address and proof of funds to Pure Investor
Pay a £2,000 non-refundable reservation fee
Remaining balance due on completion
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on January 9, 2024
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 9, 2024
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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