Sourced are pleased to present another fantastic opportunity, a stunning 3-bed apartment available for R2RSA in Greenwich. The property has recently been fully renovated to a high standard throughout. The apartment benefits from 3 stunning bedrooms, a fully equipped kitchen and a separate reception room. The property is in a fantastic area for serviced accommodation, with demand from both corporate and leisure guests in the area with Central London and London City Airport both accessible within 15 minutes.

▪ Comfortably able to sleep up to 6 guests
▪ Rent payable for the unit is £2,300pcm (not including bills)
▪ Average nightly rate: £240
▪ Excellent anticipated occupancy over 84%
▪ 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.

Financial Analysis

Setup Costs

▪ Deposit: £2,300
▪ First months rent: £2,300
▪ Sourcing fee: £4,000
▪ Soft Furnishings & Set-up Costs: £2,200
▪ Total Upfront Cash Required: £10,800

Ongoing Costs

▪ Rent: £2,300
▪ Estimated bills (inc utility, council tax, insurance): £435

Profit Calculations

▪ Revenue at 70% occupancy: £5,355
▪ Monthly profit at 70%: £1,492 (assuming 14% for full management)
▪ Annual profit at 70%: £17,904
▪ ROI over 1 year at 70%: 166%
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £53,712

▪ Revenue at 90% occupancy: £6,885
▪ Monthly profit at 90%: £2,700 (assuming 14% for full management)
▪ Annual profit at 90%: £32,400
▪ ROI over 1 year at 90%: 300%
▪ Profit over 3 years at 90% (assuming no increase in nightly rates): £97,200

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.