Showroom standard serviced apartments from £9,995
Projected by Savills to be the hottest investment within the hospitality sector in the coming years, the serviced apartment (short let) industry is taking off in the UK.
Description
Earn high rental income in the heart of London with this fully managed serviced apartment that sleeps up to 6 guests. Located in the capital’s Zone 1, the accommodation is ideally placed to meet demand from visiting professionals and tourists, offering spacious, comfortable alternatives to hotel rooms.
The apartment comprises of two double bedrooms, a fully-equipped kitchen with all appliances, two bathrooms and a spacious living area. Furniture shown below may not be representative of the furniture pack provided.
Projected property financials
We insist any interested parties must satisfy themselves as to the accuracy on any information they receive by carrying out independent assessments.
Details
Sourcing fee
Tenancy deposit
Rent up front
Set up fee
Soft furnishings
Term
Total cash required
£7,495
£3,808
£2,750
£500
Variable cost
3 years
£14,553
*self management optional
Projected monthly income
Bedrooms (sleeps up to 6)
Projected average daily rate
Estimated occupancy
Projected monthly gross income
2
£220
85%
£5,687.92
Projected monthly expenditure
Rent
Council tax
Utilities (5% variable cost)
Internet
Management (12%)
Booking fees (5% variable cost)
Estimated total monthly expenditure
£2,750
£178
£138
£30
£683
£512
£4,291
Estimated returns
Potential NET profit (pcm)
Potential NET profit (pa)
Potential NET profit (over term)
£1,396.92
£16,763.04
£50,289.12
Reserve your unit today
In order for you to secure this unit today, we would require you to fill in an order form and pay the sourcing fee shown above. The securing of units are on a first come, first served basis and therefore, we ask you provide proof of transfer (screen capture or photograph of transfer made) sent in along with your order form.
Due diligence
Big Roar use live market data to understand the revenue potential of each short-term serviced apartment across the country. Exploring the supply and demand as well as utilising pricing software to determine the ADR to compliment independent market research.
* Pricing software are based on live markets and prices fluctuate hour by hour.
The Global Serviced Apartments Industry Report 2018-2019
"The UK serviced apartment sector achieved 81.7% occupancy level in 2017, with London and Edinburgh the top performers. Meanwhile, average daily rate (ADR) rose 5.4% to GBP148.48.
As well as accounting for roughly 55% of current UK serviced apartment supply, London also accounts for much of the sector’s growth, reporting a 2.2% increase in occupancy to 83.8% during 2017 and a 9.8% increase in ADR to GBP£198.74.