"R2RSA in Basingstoke"

Sourced are pleased to present another fantastic opportunity, a selection of stunning 2-bed apartments available for R2RSA in Basingstoke. This development of 10 x 2-bedroom newly refurbished apartments, is situated in a listed building in the centre of the town, with an exceptionally high-end finish. Only 3 units are now remaining and are available to reserve on a first come first serve basis.

Basingstoke is home to many large corporations, such as Sony, Fujitsu, and AA, making it a thriving business hub. This attracts a steady stream of corporate travellers who prefer serviced accommodations for extended stays. Its proximity to London (45 minutes by train) and excellent transport links (M3 motorway, rail access) make it convenient for business travellers. In addition Basingstoke offers attractions such as The Vyne (a National Trust property), Festival Place shopping centre, and many cultural sites making it a great place for tourists to base from when visiting the surrounding areas.

▪ Comfortably able to sleep up to 4 guests
▪ Rent payable for the unit is £1,300pcm (not including bills)
▪ Average nightly rate: £145
▪ Excellent anticipated occupancy
▪ Unit is available on a long term contract

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

Sourcing fee of £4,000 inc. VAT applies.

The financials:
Setup costs:
▪ Deposit: £1,300
▪ First months rent: £1,300
▪ Sourcing fee: £4,000
▪ Soft Furnishings & Set-up Costs: £4,500
▪ Total Upfront Cash Required: £11,100

Ongoing costs:
▪ Rent: £1,300
▪ Estimated bills (inc utility, council tax, insurance): £260

Profit calculations:
▪ Revenue at 70% occupancy: £3,360
▪ Monthly NET profit at 70%: £828 (after full management)
▪ Annual NET profit at 70%: £9,936
▪ ROI over 1 year at 70%: 103%

▪ Revenue at 90% occupancy: £4,320
▪ Monthly NET profit at 90%: £1,510 (after full management)
▪ Annual NET profit at 90%: £18,120
▪ ROI over 1 year at 90%: 189%

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.