Xenia Student Investment Property with gross rental income return of £11,280 per annum based on 48 weeks occupancy. Student Accommodation Development beside Glasgow Quayside.
Excellent transport links. Multi-storey car parking is available close by. Close to St Enoch Square subway and Glasgow Central and Queen St train stations.
Prime G1 postcode near to Clydeside and Argyle Street - passenger lift operates to the upper floors. 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.
Unit 4.05 - Investment Highlights Net Internal Area - 27.3 square metres 4th floor double studio (accessible studio) Estimated gross return of £11,280 per annum based on 48 weeks paying £235 per week Annual service charge - £4,636.96 Estimated net rental income - £5,154.08 per annum High-specification student studio. A total of 77,640 full time students (including 26,000 international students) attend the University of Glasgow, the University of Strathclyde, Glasgow Caledonian University, Glasgow School of Art, and the Royal Conservatoire of Scotland. Home to three prestigious universities and a diverse range of students from over 140 countries, Glasgow's metropolitan region has the second largest student population in the UK. With over 43% of the current working age population in the city region being educated to degree level or above, the city has become a preferred destination for an ever-increasing number of FTSE 100 and AIM listed companies. Buchanan Steet Subway is one block to the north. Queen St train station is one block north east and Central Station is a short walk to the west. Multi-storey car parking is available close by and regular bus services operate nearby. Walking distance to Glasgow Central Station, the main railway hub serving the city centre. Prime Student Accommodation Development in Glasgow City Centre - 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. 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. Whilst Glasgow has an established purpose built student accommodation market, it is well publicised that it suffers from a major undersupply of student accommodation with only c. 20,500 PBSA beds for its population of 77,640 full time students.
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. Glasgow is Scotland’s largest and most populous city, and is also Scotland’s commercial capital. The City of Glasgow is the third most populous city in the UK and is also the UK’s largest retail capital after London. With a population of 635,000 people (2022) located within the wider metropolitan region of 1.85m people, Glasgow’s economy is diverse with key areas including financial services, technology and tourism.
Full Address: 50-58 Jamaica Street, 4-05, Glasgow, G1 4NN
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