Publication: 10:47, 24.01.2020No. of the advertisement: 735
What is your idea / business and to whom is it addressed?
We are thrilled to present a rare but lucrative opportunity to purchase this serviced accommodation portfolio. The apartment benefits from a superb central London location, with principal commercial, leisure and shopping areas all within easy reach by public transport.
How should the idea/business earn money?
This specialised serviced accommodation property portfolio that offers high rental income, with a projected 214,488.00(UK Sterling) 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) Bayswater - 2 Bed (Sleeps up to 6 People) 2) Islington - 1 Bed (Sleeps up to 4 People) 3) Kings Cross - 2 Bed (Sleeps up to 6 People) 4) Notting Hill - 2 Bed (Sleeps up to 6 People) 5) Vauxhall - 2 Bed (Sleeps up to 6 People)
At what stage is the idea / business at the moment?
Specialised serviced accommodation properties are ready to be secured
What do you need?
Combined portfolio financial breakdown of 5 SA properties Central London: (Please contact us for an individual financial breakdown of each property). Monthly projected income Bedrooms: 2,1,2,2,2 Projected average day rate: 1,080 (UK Sterling) Estimated annual average occupancy: 80% ?Projected monthly gross income: 26,280.00 (UK Sterling) Monthly projected expenditure Rent: 13,350 (UK Sterling) Council tax: 635 (UK Sterling) Utilities (5% variable): 668 (UK Sterling) Internet: 150 (UK Sterling) Management (12%): 3,154 (UK Sterling) Booking fees (9% variable): 2,365 (UK Sterling) Estimated total expenditure: 20,322 (UK Sterling) Estimated total returns Potential NET profit (pcm): 5,958.00 (UK Sterling) Potential NET profit (pa): 71,496.00 (UK Sterling) Potential NET profit (over term): 214,488.00 (UK Sterling) Details Sourcing fee: 30,975 (UK Sterling) Tenancy deposit: 18,485 (UK Sterling) Rent up front: 13,350 (UK Sterling) Set up fee: 2,500 (UK Sterling) Soft furnishings: (variable cost) Term: 3 years Total cash required: 65,310 (UK Sterling)
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