Sourced partner, Theresa Ochiba, with an experienced build team in place is pleased to present an exceptional high-yield investment opportunity. The development will convert a tired bed & breakfast into 7 stylish 1-bedroom Suites and a modern studio, catering to the high-demand short-stay market.

Investment Overview
• Market Value: £760,000
• Agreed Purchase Price: £585,000 (24% below market value)
• Purchase Costs: £30,000
• Refurbishment Cost: £200,000
• Refurbishment Timeline: 6 months
• Total Project Cost: £815,000
• GDV: £1,200,000
• Investment Required: £100,000

Investment Offer
Minimum Investment: £20,000
Security: Second Charge Against the Property
Loan Term: 12 Months
Interest Rate: 20% Fixed Return
To safeguard investments, all capital is secured with a Second Charge on the property.

Exit & Guaranteed Returns
Exit Strategy: Refinance at 70% LTV releasing £840,000
Pre-agreed 5-Year Lease Agreement: The entire block will be leased generating £12,500 per unit upfront and a CPI-linked rental contract.

Projected Monthly Rental Income
Rental Income from 8 Units: £25,500
Operating Costs: £17,500
Net Profit: £8,000

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.