- Potential ROCE 159% for the 1st year
- 5 minute drive from Manchester Airport
- Excellent communal space
Rent to Rent Serviced Accommodation.
Turn Key Opportunity
Sleeps up to 6 guests. Can sleep up to 8 with sofa bed in lounge.
Hands off business model if operated by management company which we can introduce you to.
Property secured at £995
Complete 3 bed house ready to be ran as serviced accommodation.
5 minute drive away from Manchester Airport.
3 Double Rooms, Private Kitchen, Conservatory, Lounge, One Bathroom, One WC & Garden.
Potential ROCE 159% for the 1st year
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 £70 - £100 depending upon season, Sunday to Thursday. Average Rate £85 per night.
Nightly rate weekends £120 - £150 depending upon season, Friday & Saturday. Average Rate £135 per night.
Sleeps up to 6 guests but could sleep up to 8 with sofa bed in lounge area.
Figures based on average rate per night.
Total £695 per week at 100% occupancy.
Realistically expect 80% if the business is marketed and operated correctly.
Below are the figures based on a 80% annual occupancy.
£695 per week equates to £556 per week at 80% occupancy.
£556 x 52 weeks = £28,912 annual income
£28,912/ 12 Months = £2,409 monthly income
£2409 - £995 rent - £350 bills = £1,064 monthly profit
£12,768 annual profit.
£12,768 x 3 year contract = £38,304.
Initial outlay costings.
Total = £7,990
ROCE 159% 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).