Sourced Approved Investment

R2RSA in Nottingham East Midlands - Apartment

£ 791

Added: 21/11/2024

Profit pa£9,795

ROCE228%

Yield0%

Property description

Strategy: Serviced Accommodation

This is a 4 x 1-bedroom high-end serviced apartments in a listed building in the centre of Nottingham. Apartments can be take individually or the block as a whole.

Each property comes fully furnished with bright, modern decor throughout and plenty of storage for guests. The units are available on a 5 year contract and will be fully managed by an experienced management company, that operates in excess of 250 units. This makes the opportunity completely hands off for the investor.

Pictures, detailed financial breakdown and past performance figures available upon request.

The financials (per apartment):

Upfront costs:
▪ Sourcing fee: £2,000.00
▪ Rent: £791
▪ Deposit £791
▪ Small touch ups (fresh paint etc): £600

Income Projections (based on past performance)
▪ Daily rate: £110
▪ Average occupancy: 79%
▪ Annual profit: £9,795

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Sourced reference: 572778743731252

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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