Excess of £6,250,000

MYPAD PAISLEYGlimour Street


    Key features

    • Excellent micro location in Paisley town centre

    My Pad Paisely

    About this property

    • The scheme comprises 238 en-suite bedrooms with a mixture of standard, classic and club rooms. The scheme is direct let and managed by Fresh Student Living who are currently operating at £1,712 per bed excluding fees or £2,122 per bed inc fees (18/19). UWS is a modern university, the present institution dates from August 2007, with roots going back to 1897. The university currently has a total student population of 16,440 and a total full time student population of 13,260. We are instructed to seek offers in excess of £6,250,000 for the Heritable interest, a purchase at this level reflects an attractive Net Initial Yield of 6.50% (assuming purchasers costs of 6.60%) and a low capital value of £26,260 per bed.

    Local information

    • Located opposite the Paisley Gilmore Street train station providing direct access to central Glasgow in just 10 minutes (trains every 5-10 minutes via ScotRail to Glasgow Central station).

    Additional information

    • The UWS full time student population has grown at 3.93% p.a. over the last 10 years, significantly above the UK average of 2.23%.