We are thrilled to present a rare but lucrative opportunity to purchase this serviced accommodation portfolio. The apartments benefit from a superb central London location, with principal commercial, leisure and shopping areas all within easy reach by public transport for all properties.
This specialised serviced accommodation property portfolio that offers high rental income, with a projected £376,732.08 in NET profit over the 3 year full term with the option to extend the term for a further 2 years.
Serviced apartment portfolio locations:1) Earls Court – 1 Bed (Sleeps up to 4 People) 2) Angel – 2 Bed (Sleeps up to 6 People) 3) Paddington (Bayswater) – 2 Bed (Sleeps up to 6 People) 4) Maida Vale – 1 Bed (Sleeps up to 4 People) 5) North Kensington – 2 Bed (Sleeps up to 6 People) 6) Swiss Cottage – 2 Bed (Sleeps up to 6 People)
Combined portfolio financial breakdown of 6 SA properties Central London: (Please contact us for an individual financial breakdown of each property).
Monthly projected income
Bedrooms: 1, 2, 2, 1, 2, 2 Projected average day rate: £1,490 Estimated annual average occupancy: 83% Projected monthly gross income: £38,562.50
Estimated total returns
Potential NET profit (pcm): £10,464.78Potential NET profit (pa): £125,577.36 Potential NET profit (over term): £376,732.08
Sourcing fee: £55,970Tenancy deposit: £24,786 Rent up front: £17,900 Set up fee: £3,000 Soft furnishings: (variable cost) Term: 3 years Total cash required: £101,656