Sourced are pleased to present another exceptional opportunity to take on a stunning 2-bed Flat for R2RSA in Canterbury on a 5-year agreement. The unit benefits from 2 bedrooms, a separate living room, kitchen-dining area and 1 bathroom. The property also benefits from on-street parking. The property is in a fantastic location, in the city centre with convenient access into the city.

The unit will comfortably be able to sleep up to 7 guests. The total rent payable for the unit is £1,450 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 5-year contract. This investment will can be fully managed by our managing agent or self-manged making it as hands-off or hands on 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.

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

Sourcing fee of £3,750.

The financials:
▪ Rent: £1,450
▪ Ongoing monthly costs (including approx. bills cost)*: £615
▪ Average nightly rate: £182
▪ Revenue at 70% occupancy: £3,876
▪ Revenue at 85% occupancy: £4,706

▪ Deposit: £1,450
▪ Sourcing fee: £3,750
▪ Total Upfront Cash Required**: £5,200

▪ Monthly profit at 70%: £734
▪ Annual profit at 70%: £8,802
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £44,010

▪ Monthly profit at 85%: £1,333
▪ Annual profit at 85%: £15,988
▪ Profit over 5 years at 85% (assuming no increase in nightly rates): £79,991

▪ ROCE over 1 year at 70%: 169%
▪ ROCE over 5 years at 70% (assuming no increase in nightly rates): 846%
▪ Months till profit: 7

Sourced reference: 579141598485546