R2RSA in Hammersmith

Sourced are pleased to present another brilliant opportunity to take on a 2-bed flat for R2RSA in Hammersmith. The unit benefit from 2 double bedrooms, a separate living room, a lovely balcony and an on-road parking sport. The property is in one of the most desirable locations in London, with Charing Cross Hospital in walking distance and a variety of fantastic locations in easy access. This is a turnkey investment as unfortunately the current investor has to forfeit the tenancy due to personal reasons.

The unit will comfortably be able to sleep up to 6 guests. The total rent payable for the unit is £2,650 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 £5,500 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 £4,000 applies.

The Financials
▪ Rent: £2,650
▪ Ongoing monthly costs (including approx. bills): £343
▪ Average nightly rate: £296
▪ Revenue at 70% occupancy: £6,303
▪ Revenue at 85% occupancy: £7,654

▪ Deposit: £2,650
▪ Sourcing fee: £4,000
▪ Furniture: £5,500
▪ Total Upfront Cash Required: £12,150

▪ Monthly profit at 70%: £1,558
▪ Annual profit at 70%: £18,701
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £56,103

▪ Monthly profit at 85%: £2,534
▪ Annual profit at 85%: £30,405
▪ Profit over 3 years at 85% (assuming no increase in nightly rates): £91,214

▪ ROCE over 1 year at 70%: 154%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 462%
▪ Months till profit: 8