No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Property for sale

Nelson Mandela Place, Glasgow, G2
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Property
0 bed
0 bath

Key information

Tenure: Freehold
Council tax: Ask agent
Broadband: Basic 17Mbps *
Mobile signal: 
EE O2 Three Vodafone
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
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Property description & features

  • Tenure: Freehold
  • Town/City
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. £128,000 in the 2023/24 financial year reflecting a NET investment yield of c. 6.4% on its current fully managed short let operation. 2023/24 building income was c. £300,500 per annum (net of VAT). There is currently £140,000 of 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 accommodation is based on the first to third floors with an attractive main door entrance off Nelson Mandela Place. The building was fully renovated during its current ownership back in 2016 and consists of ten studio apartments in all. The properties have been managed and maintained well by Destiny Scotland. All ten apartments run off a well maintained central stair.

On the first floor there are two superior studio apartments on this level which are spacious and bright benefitting from large windows and the grandeur of the high ceilings. These apartments are similar in fit out compared to the other flats however there is more space for a larger living area compared to the other serviced apartments. Each of eight studio apartments on the second and third floors have a spacious kitchen / living area including a fully equipped kitchen, good sized bedrooms with built in storage, stylish shower rooms and a storage cupboard in each property.


Located in the heart of Glasgow City Centre, an area of Glasgow which has benefitted from significant redevelopment in the last few decades with both commercial developments and exclusive residential buildings. This location offers a wonderful central position and a very prominent social location with the city centre. Nearby there is a wealth of historic buildings and a range of amenities including both general and specialist shopping, wine bars and many highly acclaimed restaurants and is also conveniently located for access to the Merchant City. The property is in close proximity to Strathclyde & Caledonian Universities, the Glasgow School of Art, the SEC and The Clyde Auditorium. The area benefits from frequent public transport with easy access to Central and Queen Street Train Stations, and both St Enoch and Buchanan Street subway stations. Public transport and road links are exceptional.

Property information from this agent

Places of interest

    The Knight Frank Edinburgh office handles residential property for sale in the City of Edinburgh and throughout rural Scotland. We have a wealth of experience in dealing with the sale of properties in Edinburgh’s New Town (EH3), Murrayfield (EH12) and the south side of the city (EH9 & EH10). In rural Scotland, we have a great presence in Perthshire, the Lothians, Fife, the Scottish Borders, Argyll and Angus. Our experienced team of estate agents in Edinburgh offer some of the most sought after houses, flats, estates and farms for sale in Scotland. Our Edinburgh city team have a strong track record for the sale of houses and flats throughout the city, notably properties for sale in New Town, Murrayfield and the south side of Edinburgh. Throughout wider Scotland, our country houses, farms and estates team have overseen some of the most prestigious sales in the country, offering properties for sale in East Lothian, West Lothian, Fife, Perthshire, Stirlingshire, the Scottish Borders, Northumberland, Cumbria, Argyll, Lanarkshire, Dumfries & Galloway, Inverness-shire and the Highlands.

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    *DISCLAIMER

    Property reference EDN012394797. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Knight Frank - Edinburgh.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on June 5, 2023

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength: obtained from Ofcom on June 5, 2023

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.