Studio apartment

If you’re looking for strong rental yield in city centre location then this 4th floor premium studio apartment within Robert Owen House, managed by Xenia Students, could be the ideal opportunity for you. Located on Bath Street, in the heart of Glasgow city centre, the studio accommodation comprises a living area with space for a double bed, a modern kitchen area, a study area with a desk, and an internal modern shower room. There is also an electric heating system and double glazing. The communal areas include a private residents’ gym, a cinema room, a laundry room, and an entertainment room, along with other communal areas for student socialising. The apartment is recently vacant, with the Xenia Students management responsible for seeking a new tenant and, when occupied, Xenia provide management for an annual fee of £1,258.40 per annum. The overall service charge of £3,455.83 per annum applies whether occupied or not. The potential rental of £235 per week equates to a strong gross rental yield of 19% (16.3% net of Xenia management fees) at Guide Price which, along with a fantastic 29% discount against £65,000 Home Report valuation, is sure to attract interest from both buy to let investors or a family purchasing for a child studying in the city. Early expression of interest is essential for an opportunity that is sure to move quickly. Council Tax Band: A. ** PLEASE NOTE THAT THIS APARTMENT IS SUITABLE FOR CASH PURCHASE ONLY **

Tenure

Freehold

Area

Robert Owen House enjoys convenient location on Bath Street, in the heart of Glasgow city centre and with a host of leisure and retail options on the doorstep. Both Caledonian University and the University of Strathclyde are nearby, and with Queen Street subway station is just around the corner.

Local Authority

Glasgow City Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.