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West Regent Street, City Centre, Glasgow, G2 - Image 1
West Regent Street, City Centre, Glasgow, G2 - Image 2
West Regent Street, City Centre, Glasgow, G2 - Image 3
West Regent Street, City Centre, Glasgow, G2 - Image 4

West Regent Street, City Centre, Glasgow, G2

Scotland

£2,200,000

Listed on 22/09/2021

Property Details

Bedrooms
N/A
Type
Serviced Apartments

Description

This expansive property, covering over 33,000 square feet, presents a remarkable investment opportunity in the heart of Glasgow. With planning permission already secured for 96 studio and one-bedroom serviced apartments, the potential for generating an impressive annual yield of around £3 million makes this a lucrative option for developers. Additionally, recent positive feedback from Glasgow City Council regarding prospective student accommodation highlights further avenues for development. This site serves as a blank canvas for those looking to capitalize on the growing demand for short-term rental solutions or student housing in the area.

Investment Analysis

(G2 area)
Area Average
£252/sq ft
Avg Rent (weekly)
£299
Avg Yield
10.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£750,000 - £1,500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (G2)

Area prices are rising by +14.2% over the last 12 months
3 year growth: +9.1%
5 year growth: +10.6%
Investment Disclaimer: Analysis based on G2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

West Regent Street, City Centre, Glasgow, G2
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£8,311
Based on a loan of £1,650,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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