Sourced Approved Investment

R2RSA in South Tyneside North East - Apartment

£ 700

Added: 29/11/2024

Profit pa£16,980

ROCE221%

Yield0%

Property description

Strategy: Rent to Rent

Introducing a Prime Investment Opportunity in South Tyneside:

Discover a stunning 2-bedroom house perfect for both corporate and leisure guests. This modern rental is ideally located just a 20-minute stroll from Tynemouth's vibrant heart, Longsands Beach, and North Shields Fish Quay, and a 15-minute drive from Newcastle city centre.

Key Features:
-Spacious and Comfortable: Accommodates up to 4 guests.
-Prime Location: Enjoy easy access to top attractions and amenities.
-Lucrative Potential: Benefit from high occupancy rates and consistent income.

Investment Highlights:

▪ Rent: £700/month
▪ Average Nightly Rate: £120
▪ Revenue (70% occupancy): £2,835/month
▪ Revenue (90% occupancy): £3,645/month
▪ Annual profit (70%): £16,980
▪ Annual profit (90%): £25,260
▪ ROCE (over 1 year at 70%): 221%

Investment costs:
▪ Deposit: £0
▪ Sourcing Fee: £3,000
▪ Interior design, Soft Furnishings & Set-up Costs: £3,000 (Leasing option available)
▪ Total upfront cash required: £6,700

Don't miss out on this fantastic opportunity to build wealth through property investment. Contact us today to learn more and secure your spot.

Read more

Sourced reference: 777318835199824

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.

Read more

Due diligence

No information supplied.

Sales Agent

Keeshan Pillay

KLAP Property Group Ltd

Gain access to Sourced

Explore our full suite of property investment products and services.

Create a free account

Start exploring your Sourced dashboard

Create account

By proceeding you are agreeing to our
Terms of business and Privacy Policy

Ok message

Error message