Sourced are pleased to present a lovely 3-bed property in Bristol. This property consists of three large bedrooms and 2 full bathrooms. The area benefits from a number of major employers in the area making this a fantastic location to target the contractor market and the proximity to Bristol means that it will also be ideal for leisure guests.

The unit will comfortably be able to sleep up to 8 guests. The total rent payable for the unit is £2,300 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 3-year contract. This investment will be fully managed by our managing agent, making it as hands-off as possible for you. The property will be vacant so our interior design team will furnish, set up the property and get it marketed 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.

You can pay for the furniture in cash which will be approximately £6.5-7.5k (subject to formal quotation). Alternatively, you can utilise a different form of funding you have access to such as a credit card, bank loan or asset finance.

Location details, a video walkthrough and a detailed financial breakdown are available on request. Please note, the unit will be vacant and fully set-up by our award-winning interior design team.

Sourcing fee of £4,250 inc. VAT applies.

Note: Images displayed in this brochure are for example purposes only and are not of the property in question. Images in this brochure display a general idea of the end finish of the property once refurbishment is complete and the property is furnished. A video walkthrough is available on request.

The Financials
▪ Rent: £2,300
▪ Ongoing monthly costs (including approx. bills): £444
▪ Average nightly rate: £288
▪ Revenue at 70% occupancy: £6,133
▪ Revenue at 85% occupancy: £7,447

▪ Deposit: £2,300
▪ Sourcing fee: £4,250
▪ Furniture: £7,000
▪ Total Upfront Cash Required: £13,550

▪ Monthly profit at 70%: £1,684
▪ Annual profit at 70%: £20,213
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £60,638

▪ Monthly profit at 85%: £2,633
▪ Annual profit at 85%: £31,600
▪ Profit over 3 years at 85% (assuming no increase in nightly rates): £94,800

▪ ROCE over 1 year at 70%: 149%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 448%
▪ Months till profit: 8

Sourced reference: 941152517791172