Sourced Approved Investment

3-Bed R2RSA in Bristol South West - House

£ 1,900

Added: 12/11/2024

Profit pa£12,672

ROCE103%

Yield0%

Property description

Strategy: Serviced Accommodation

Source are pleased to present an excellent R2RSA opportunity in a central area of Bristol. This beautiful 3 bedroom property is being refurbished by the landlord and is in excellent condition. It comes unfurnished so the buyer had the opportunity to put there own stamp on the property.

This would bring in an outstanding return on investment with net profit of £12,672 a year on just 70% occupancy. 85 % occupancy is more realistic during the Spring Summer Autumn month’s. With this service accommodation property being in a hot spot town its sure to bring a a great to return for any portfolio.

Term: 5 years negotiable
(Will be automatically extended at the end of the term if both the landlord and the investors agree)


The financials:
▪ Purchase price: £12,300
▪ Rent: £1,900
▪ Deposit: £1,900
▪ Sourcing fee: £3,500
▪ Furniture: £5,000

▪ 50% occupancy: £120 PM
▪ 70% occupancy: £1,056 PM
▪ 100% occupancy: £2,460 PM

▪ Nightly rate £180
▪ Annual profit: £12,672 based on 70% occupancy (conservative)

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Sourced reference: 163264835351443

Location map

Disclaimer

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.

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Due diligence

No information supplied.

Sales Agent

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