Serviced Studio Apartment For Sale In Glasgow

loft for sale

Listed: 04/19/24

23 Nelson Mandela Place, Glasgow, G2 1QY, United Kingdom

Studio Bed:

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Price

£ 2M

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About This Loft

The apartments at 23 Nelson Mandela Place are currently experiencing high occupancy all year round. A new owner could continue to operate as is and look to improve the current rent roll & operations of the asset. NET income of c. £128,000in the2023/24financial year reflecting a NET investment yield of c. 6.4% on its current fully managed short let operation. 2023/24building income was c. £300,500per annum (net of VAT). There is currently £140,000of gross revenue bookings taken for the 24/25 financial year giving a very strong start to the year. Depending on how the asset is managed in the future, there is potential to develop the NET yield further.
The building ownership has accommodation over 4 floors in total. The living … Full description

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