Sourced are pleased to present another fantastic opportunity to take on a newly refurbished 4-bed house for R2RSA in Bath. The property benefits from 4 good-sized bedrooms, 2 bathrooms, a spacious lounge with a wood burning stove as well as a stunning kitchen fitted with numerous amenities. The house has a lovely rear courtyard with a covered seating area. The property is in a fantastic location, just a 10-minute walk from Bath Spa Station and a short walk from Central Bath.

The unit will comfortably be able to sleep up to 11 guests. The total rent payable for the unit is £3,150 which does not include bills. The financial figures provided also allow for management costs and OTAs and the profit is net after all costs.

The unit is available on a 3-year contract. This investment will be fully managed by our managing agent, making it as hands-off as possible for you. We'll also get you set up on our online platform so you have full visibility of bookings/revenue. The management fee is 14% + VAT of net revenue. This includes full management covering everything from check-ins, check-outs, cleaning and maintenance.

You can pay for the furniture in cash which will be £9,000 inc. VAT. Alternatively, you can utilise a different form of funding you have access to such as a credit card, bank loan or asset finance.

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

Sourcing fee of £4,250 inc. VAT applies.

Note: Images in this brochure display a general idea of the end finish of the property once the property is furnished.

The Financials
▪ Rent: £3,150
▪ Ongoing monthly costs (including approx. bills): £508
▪ Average nightly rate: £380
▪ Revenue at 70% occupancy: £8,092
▪ Revenue at 85% occupancy: £9,826

▪ Deposit: £3,150
▪ Sourcing fee: £4,250
▪ Furniture: £9,000
▪ Total Upfront Cash Required: £16,400

▪ Monthly profit at 70%: £2,185
▪ Annual profit at 70%: £26,220
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £78,661

▪ Monthly profit at 85%: £3,437
▪ Annual profit at 85%: £41,245
▪ Profit over 3 years at 85% (assuming no increase in nightly rates): £123,736

▪ ROCE over 1 year at 70%: 160%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 480%
▪ Months till profit: 8

Sourced reference: 398774371592868