R2RSA in Nottingham

Sourced are pleased to present another exceptional opportunity to take on a stunning 4-bed House for R2RSA in Nottingham on a 5-year agreement. The unit benefits from 4 bedrooms, living room and dining area and 3 bathroom and has been fully refurbished to a lovely standard. The property also benifits from free on street parking. The property is in a fantastic locaition near various hosptials and businesses whilst also being only 20 mintue drive to from the city centre.

The unit will comfortably be able to sleep up to 10 guests. The total rent payable for the unit is £1,650 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 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: £1,650
▪ Ongoing monthly costs (including approx. bills cost)*: £469
▪ Average nightly rate: £220
▪ Revenue at 70% occupancy: £4,658
▪ Revenue at 85% occupancy: £5,689

▪ Deposit: £1,650
▪ Sourcing fee:£4,000
▪ Furniture: £7,000
▪ Total Upfront Cash Required**: £12,650

▪ Monthly profit at 70%: £1,264
▪ Annual profit at 70%: £15,166
▪ Profit over 5 years at 70% (assuming no increase in nightly rates): £75,828

▪ Monthly profit at 85%: £1,989
▪ Annual profit at 85%: £23,864
▪ Profit over5 years at 85% (assuming no increase in nightly rates): £119,322

▪ ROCE over 1 year at 70%: 120%
▪ ROCE over 5 years at 70% (assuming no increase in nightly rates): 599%
▪ Months till profit: 10