One-bedroom flat in Glasgow city centre

This is a one-bedroom flat located in Glasgow city centre, specifically at 50-58 Jamaica Street, 4-05, G1 4NN. The property is a student investment property with a gross rental income of £11,280 per annum, based on 48 weeks occupancy at £235 per week. It is situated in a development beside Glasgow Quayside, an area with a high student-to-bed ratio and a significant shortfall of student accommodation. The flat is on the 4th floor and has a net internal area of 27.3 square metres. It is described as an accessible studio. The building features secure entry, a passenger lift to the upper floors, and communal areas for students, including a cinema room, laundry room, private gym, games room, and entertainment room. The property benefits from excellent transport links, being close to St Enoch Square subway and Glasgow Central and Queen Street train stations, with multi-storey car parking nearby. It is well-placed for amenities, including retail shopping facilities. The annual service charge is £4,636.96, resulting in an estimated net rental income of £5,154.08 per annum. Glasgow has a large student population from three prestigious universities and is a growing hub for companies. Due to size and lease restrictions, this property is not eligible for a mortgage and must be bought as an investment. The property is tenanted with a Basic Lease agreement, with rent at £10,800 per year / £900 per month, yielding approximately 31%. The description excludes legal disclaimers and auction boilerplate, focusing on the property