R2RSA in Bristol

Sourced are pleased to present another fantastic opportunity to take on a 4-bedroom house for R2RSA. This property consists of four large bedrooms, two receptions, a separate kitchen and 2 full bathrooms. The unit also benefits from a lovely garden and free street parking. 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 11 guests. The total rent payable for the unit is £2,800 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 property will be fully managed by our managing agent, making it as hands-off as possible 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 £8,000 inc. VAT. Alternatively, you can utilise a different form of funding you have access to such as a credit card, bank loan or asset finance.

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

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

The Financials
▪ Rent: £2,800
▪ Ongoing monthly costs (including approx. bills): £503
▪ Average nightly rate: £331
▪ Revenue at 70% occupancy: £7,048
▪ Revenue at 85% occupancy: £8,559

▪ Deposit: £2,800
▪ Sourcing fee: £4,250
▪ Furniture: £8,000
▪ Total Upfront Cash Required: £15,050

▪ Monthly profit at 70%: £1,787
▪ Annual profit at 70%: £21,439
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £64,317

▪ Monthly profit at 85%: £2,877
▪ Annual profit at 85%: £34,527
▪ Profit over 3 years at 85% (assuming no increase in nightly rates): £103,580

▪ ROCE over 1 year at 70%: 142%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 427%
▪ Months till profit: 8