R2SA Harrogate

Sourced are pleased to present another exceptional opportunity to take on a stunning 2-bed Flat for R2RSA in Harrogate on a 5-year agreement. The unit benefits from 2 bedrooms, living room and dining area and 1 bathroom and has been fully refurbished to a lovely standard. The property is in a fantastic location.

The unit will comfortably be able to sleep up to 6 guests. The total rent payable for the unit is £1,100 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 5-year contract. This investment can be fully managed by our managing agent or self-manged making it as hands-off or hands on 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.

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

Sourcing fee of £4,000

The financials:
▪ Rent: £1,100
▪ Ongoing monthly costs (including approx. bills cost)*: £363
▪ Average nightly rate: £176
▪ Revenue at 70% occupancy: £3,748
▪ Revenue at 85% occupancy: £4,551

▪ Deposit: £1,100
▪ Sourcing fee:£4,000
▪ Furniture: £5,500
▪ Total Upfront Cash Required**: £10,600

▪ Monthly profit at 70%: £1,243
▪ Annual profit at 70%: £14,919
▪ Profit over 5 years at 70% (assuming no increase in nightly rates): £74,595

▪ Monthly profit at 85%: £1,823
▪ Annual profit at 85%: £21,878
▪ Profit over5 years at 85% (assuming no increase in nightly rates): £109,389

▪ ROCE over 1 year at 70%: 141%
▪ ROCE over 5 years at 70% (assuming no increase in nightly rates): 704%
▪ Months till profit: 10