R2RSA in Cheltenham

Sourced are pleased to present another exceptional opportunity to take on a 5-bedroom, 2 bathroom detached property for R2RSA in Cheltenham. The unit benefits from off-road parking for multiple cars and a spacious garden. The property has been renovated to a lovely standard. The split-level accommodation comprises of a modern shower room, a newly fitted staircase and a utility room with washing machine and tumble dryer. The stunning kitchen consists of 2 built in fridge freezers, a dishwasher, wine fridge and integrated microwave. This spacious luxury kitchen also has a central island with a double oven. On the first floor there is a luxurious bathroom with a shower over the bath, as well as underfloor heating. The property is in a fantastic location, tucked away in a sough after area.

The unit will comfortably be able to sleep up to 15 guests. The total rent payable for the unit is £2,550 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 investment 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 £4,500 inc. VAT applies.

The Financials
▪ Rent: £2,550
▪ Ongoing monthly costs (including approx. bills): £551
▪ Average nightly rate: £329
▪ Revenue at 70% occupancy: £7,006
▪ Revenue at 85% occupancy: £8,507

▪ Deposit: £2,550
▪ Sourcing fee: £4,500
▪ Furniture: £8,000
▪ Total Upfront Cash Required: £15,050

▪ Monthly profit at 70%: £1,958
▪ Annual profit at 70%: £23,494
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £70,482

▪ Monthly profit at 85%: £3,042
▪ Annual profit at 85%: £36,502
▪ Profit over 3 years at 85% (assuming no increase in nightly rates): £109,507

▪ ROCE over 1 year at 70%: 156%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 468%
▪ Months till profit: 8