Sourced are pleased to present another exceptional opportunity to take on a 2-bed flat for R2RSA in Bristol. The apartment comprises; an entrance hallway, two double bedrooms, a fully equipped bathroom and an open plan breakfast kitchen with island / lounge / dining area. Situated on Bristol's prestigious harbourside with the river just across from it. There is a ferry stop around the corner, which goes to the city centre and Temple Meads train station. Walking along the harbourside to the city centre takes about 25 minutes, and takes you past many fine eateries and bars, including the fashionable and lively Wapping Wharf.

The unit will comfortably be able to sleep up to 7 guests. The total rent payable for the unit is £1,500 which does not include bills. The financial figures provided also allow for management costs and OTAs and the profit is net after all costs.

Sourced are pleased to offer this property hands on or hands off for any hands off property we have partnered with a management company

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 £6,000 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 £4,000 inc. VAT applies.

The Financials
▪ Rent: £1,500
▪ Ongoing monthly costs (including approx. bills): £372
▪ Average nightly rate: £217
▪ Revenue at 70% occupancy: £4,621
▪ Revenue at 85% occupancy: £5,611

▪ Deposit: £1,500
▪ Sourcing fee: £4,000
▪ Furniture: £6,000
▪ Total Upfront Cash Required: £11,500

▪ Monthly profit at 70%: £1,465
▪ Annual profit at 70%: £17,576
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £52,728

▪ Monthly profit at 85%: £2,180
▪ Annual profit at 85%: £26,156
▪ Profit over 3 years at 85% (assuming no increase in nightly rates): £78,469

▪ ROCE over 1 year at 70%: 153%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 459%
▪ Months till profit: 8

Sourced reference: 474285358397943