Latest Valuation
£660
ROCE
%
Location

Serviced Accommodation Portfolio in Media City Manchester

5 Luxury Apartments in One Building
Guide Price
£660

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Key Features

  • Prime location in Media City
  • Fully furnished and ready to operate as serviced accommodation
  • Outstanding ROI of 163% in year 1
  • Stunning Media City location
  • On-site facilities like gym and cinema
  • Offered on a 3 year rent to rent contract

The Property

Already operating as serviced accommodation - easy handover.

Fully furnished and ready to operate as serviced accommodation. All furniture, TV, kettle, toaster, kitchenware, bedding included - meaning little to no set up costs for you.
Outstanding ROI of 163% in year 1, much higher in subsequent years.
Stunning Media City location, known as the Canary Wharf of Manchester
Waterside location with major companies such as BBC, ITV, BUPA, Manchester United, Lowry Shopping Mall, Lowry Theatre, many swanky restaurants, bars and cafes - all a short walk from the apartments.
On-site gym, cinema room, residents coffee lounge and terrace - all free to use
Perfect for tourists, shopping trips, business travellers, couples, leisure breaks, overseas students.

All 5 units fully furnished to a high standard.

2 x studios - £660 pcm rent per unit. Bills - £250 pcm, per unit
2 x 1 beds - £750 pcm rent per unit. Bills - £300 pcm, per unit
1 x 3 beds and 2 bathrooms - £1,250 pcm rent per unit. Bills - £400 pcm per unit.

Offered on a 3 year rent to rent contract with annual break clauses to give you flexibility.

Terms are negotiable.

Figures are based on annual averages since this is a seasonal business and spring/summer months will achieve higher nightly rates and occupancy levels than winter months

• 2 x studio, sleeps 2. Could sleep up to 4 with sofa bed.

Nightly rate weekdays £60 - £80 depending upon season, Sunday to Thursday. Average rate £70 per night.
Nightly rate weekends £80 - £100 depending upon season, Friday and Saturday. Average rate £90 per night.

• 2 x 1 beds, sleeps up to 4 with sofa bed in lounge.

Nightly rate weekdays £70 - £90 depending upon season, Sunday to Thursday. Average rate £80 per night.
Nightly rate weekends £100 - £120 depending upon season, Friday and Saturday. Average rate £110 per night.

• 1 x 3 bed - sleeps up to 6 guests, can sleep up to 8 with sofa bed in lounge.

Nightly rate weekdays £90 - £150 depending upon season, Sunday to Thursday. Average rate £120 per night.
Nightly rate weekends £175 - £225 depending upon season, Friday and Saturday. Average rate £200 per night.

Figures based on average rate per night for first 2 guests staying. Every guest after first 2 is charged at £20 per person per night therefore huge scope to increase income.

Studio total £530 per week at 100% occupancy.
Studio total £530 per week at 100% occupancy.
1 bed total £620 per week at 100% occupancy.
1 bed total £620 per week at 100% occupancy.
3 bed total £1000 per week at 100% occupancy.

Realistically expect 80-90% occupancy if the business is marketed and operated correctly.

Below are the figures based on a 80% annual occupancy.

All 5 apartments achieve £3,300 per week revenue at 100% occupancy.

80% of £3,300 = £2,640 per week

£2,640 x 52 weeks = £137,280

£137,280 / 12 months = £11,440

Total rent per month for all 5 apartments = £4,070
Total bills costs for all 5 apartments = £1,500

£11,440 - £4,070 rent - £1,500 bills = £5,870 profit per month.

£70,440 annual profit

£70,440 x 3 year contract = £211,320

We can introduce you to an excellent management company already operating in this building should you require their services.

Initial costs:

£35,000 fee for a live and operating serviced accommodation business in a lucrative location, includes all furnishings.
£4,070 deposit
£4,070 first month's rent

Total = £43,140

ROCE 163% for the 1st year.

Please bear in mind there is no sourcing fee or deposit for years 2 and 3, since these have already been paid in year 1, therefore giving a much higher ROCE for subsequent years.

Planning Information

N/A

The Plan

To take over the 5 apartments which are already operating as serviced accommodation, handover to the new operator as ongoing business.

Offered on a 3 year rent to rent contract with annual break clauses to give you flexibility.

Terms are negotiable.

The Location

As a focal point for nurturing the best talent and host to a wide variety of leisure activities, MediaCityUK is a vibrant, sustainable destination to work, live and play, on the banks of the Manchester Ship Canal.

Home to the likes of BBC, ITV, Ericson, Media City is great for both business and leisure clients all year round.

Average estimated value for a house in M50

£

Figures are based on annual averages since this is a seasonal business and spring/summer months will achieve higher nightly rates and occupancy levels than winter months

• 2 x studio, sleeps 2. Could sleep up to 4 with sofa bed.

Nightly rate weekdays £60 - £80 depending upon season, Sunday to Thursday. Average rate £70 per night.
Nightly rate weekends £80 - £100 depending upon season, Friday and Saturday. Average rate £90 per night.

• 2 x 1 beds, sleeps up to 4 with sofa bed in lounge.

Nightly rate weekdays £70 - £90 depending upon season, Sunday to Thursday. Average rate £80 per night.
Nightly rate weekends £100 - £120 depending upon season, Friday and Saturday. Average rate £110 per night.

• 1 x 3 bed - sleeps up to 6 guests, can sleep up to 8 with sofa bed in lounge.

Nightly rate weekdays £90 - £150 depending upon season, Sunday to Thursday. Average rate £120 per night.
Nightly rate weekends £175 - £225 depending upon season, Friday and Saturday. Average rate £200 per night.