Source are pleased to present an excellent R2RSA opportunity in Leeds central , This beautiful 1 bedroom high spec apartment is in excellent condition and ready to rent straight out. It comes Fully furnished so the buyer has a more hands of experience. There is an opportunity to put your own stamp on the property if the buyer would like to make any changes. This is a very high spec property with low maintenance.

This would bring in an outstanding return on investment with a return of £13,260 per year on just 70% occupancy. 85 % is realistic due to the apartment being in central Leeds. The city has a bustling night life and many bars and restaurant's nearbY.
Higher occupancy is more realistic with the property being only a few minute walk to the tube station close to all the local shops.

Term: 3 years negotiable
(Will be automatically extended at the end of the term if both the landlord and the investors agree)

The financials:
▪ Rent: £1,100
▪ Deposit: £1,100
▪ Sourcing fee: £4,000

▪ Total purchase £6,200

Occupancy rate includes OTA/Bills
▪ 50% occupancy: £415 PM
▪ 70% occupancy: £1,105 PM
▪ 100% occupancy: £2,140 PM
▪ Nightly rate £135

Annual profit:
▪ £9,120 based on 60% occupancy
▪ £13,260 based on 70 % occupancy (conservative)
▪ £21,540 based on 100% occupancy

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.