Sourced Approved Investment

Earls Court R2R Zone1 London - Apartment

£ 6,500

Added: 19/11/2024

Profit pa£44,880

ROCE230%

Yield0%

Property description

Strategy: Serviced Accommodation

Source are pleased to present this Stunning R2RSA opportunity in Earls Court area of zone 1. This high spec luxury apartment comes with 3 double bedrooms and stunning fitted kitchen with 2 bathroom, The property is spacious and also comes with 2 balcony areas. There is an on site gym and cinema and concierge service allows short lets which is perfect for Airbnb.

It comes totally unfurnished so the buyer has the opportunity to put there own stamp on this luxury property.

This would bring in an outstanding return on investment with net profit of £44,880 a year on just 70% occupancy. 85 % occupancy is more realistic during the spring, summer and autumn month’s. With the property being in the heart of London you are close to all the large high street shops, bars and restaurants. With the tube station only being a few minutes walk this property it offers a great return.

Term: 3/5 years negotiable
(Will be automatically extended at the end of the term if both the landlord and the investors agree)


The financials:
▪ Purchase price: £19,500
▪ Rent: £6,500
▪ Deposit: £0
▪ Sourcing fee: £7,000
▪ Furniture: £6,000

▪ 50% occupancy: £680 PM
▪ 70% occupancy: £3,740 PM
▪ 100% occupancy: £8,330 PM

▪ Nightly rate: £600
▪ Annual profit: £44,800 based on 70 % occupancy (conservative)
▪ Annual profit: £99,560 based on 100% occupancy
Figures include cleaning/OTA fees

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Sourced reference: 765728829611277

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

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