Sourced are delighted to present this exceptional 2-bedroom apartment in the heart of Norwich City Centre on a R2RSA basis. This high-end, modern apartment showcases a truly luxurious living space, accompanied by the added convenience of an allocated parking space.

Norwich is a historic city with a rich cultural heritage, including its famous medieval architecture, Norwich Cathedral, and Norwich Castle. It attracts both domestic and international tourists. As a growing business hub in East Anglia, Norwich hosts corporate travelers who prefer the flexibility and amenities of serviced accommodation over traditional hotels. Unlike some seasonal locations, Norwich has demand throughout the year due to its blend of tourism, business, and academic events providing the potential for stable occupancy rates.

▪ Comfortably able to sleep up to 4 guests
▪ Rent payable for the unit is £1,400pcm (not including bills)
▪ Excellent anticipated occupancy
▪ Unit is available on a long term contract

Pictures, location details and a detailed financial breakdown are available on request.

Sourcing fee of £4,000 inc. VAT applies.

The financials:
Setup costs:
▪ Deposit: £1,400
▪ First months rent: £1,400
▪ Sourcing fee: £4,000
▪ Soft Furnishings & Set-up Costs: £1,800
▪ Total Upfront Cash Required: £8,600

Ongoing costs:
▪ Rent: £1,400
▪ Estimated bills (inc utility, council tax, insurance): £355

Profit calculations:
▪ Revenue at 70% occupancy: £2,940
▪ Monthly NET profit at 70%: £975 (after full management)
▪ Annual NET profit at 70%: £11,700
▪ ROI over 1 year at 70%: 136%

▪ Revenue at 90% occupancy: £3,780
▪ Monthly NET profit at 90%: £1,755 (after full management)
▪ Annual NET profit at 90%: £21,060
▪ ROI over 1 year at 90%: 245%

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.