- Large, newly refurbished house
- Prime location near Heathrow Airport
- 3 x 1 beds and 2 x studios, all with en-suites
- Brand new furniture and white goods
- Perfect for business commuters
- 220% ROCE
Newly refurbished rent to rent, serviced accommodation property offering a turnkey investment.
Brand new furniture including white goods.
3 x 1 Beds sleeps up to 2 guests, sleep up to 4 with sofa beds in lounge.
2 x Studios sleeps up to 2 guests.
Each apartment has recently undergone a full modern refurbishment to a high standard.
Brand new furniture and white goods included (beds, wardrobes, oven, fridge, freezer, hob, cooker hood).
Little to no set-up costs, only basics needed such as kettle, toaster, kitchen utensils and bedding.
Hands off business model if using a management company therefore investor can be based anywhere.
Arranged over three floors accommodation comprises of five bedrooms, four of which boast of private lounges and all FIVE comprising of private shower rooms/WCs. Accompanying the above mentioned is a large kitchen/ diner fitted with double appliances and finished with granite worktops as well as two utility cupboards and a large and airy entrance hall. To the outside can be found a brick paved rear garden, front garden and on street parking. The property also benefits from CCTV, gas central heating, double glazed windows, secure entry system, heat/ smoke detectors, pre-wired SKY TV and internet.
Figures are based on annual averages since this is a seasonal business & spring/summer months will achieve higher nightly rates & occupancy levels than winter months.
Nightly rate weekdays £55 - £70 depending upon season, Sunday to Thursday. Average Rate £65 per night, per apartment.
Nightly rate weekends £75 - £95 depending upon season, Friday & Saturday. Average Rate £85 per night, per apartment.
Figures based on average rate per night.
Total £2475 per week at 100% occupancy. All 5 Apartments.
Realistically expect 80% if the business is marketed and operated correctly.
Below are the figures based on a 80% annual occupancy.
£1,980 x 52 weeks = £102,960 annual income (at 80% occupancy)
£102,960/ 12 months = £8,580 monthly income
£8580 - rent £4250 - bills £750 = £3,580 monthly profit
£42,960 annual profit
£42,960 x 3 year contract = £128,880
Initial outlay costings.
£1000 kitchen ware & TV.
Total = £19,500
ROCE 220% for the 1st year.
(Please bear in mind there is no sourcing fee or deposit for years 2 & 3 since these have already been paid in Year 1 therefore giving a much higher ROCE for subsequent years).