R2RSA in Margate

Sourced are pleased to present another exceptional opportunity to take on a stunning 2-bed Flat for R2RSA in Margate 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 close to the sea-side

The unit will comfortably be able to sleep up to 6 guests. The total rent payable for the unit is £1,250 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-managed 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: £1,250
▪ Ongoing monthly costs (including approx. bills cost)*: £363
▪ Average nightly rate: £180
▪ Revenue at 70% occupancy: £3,833
▪ Revenue at 85% occupancy: £4,654

▪ Deposit: £1,250
▪ Sourcing fee:£4,000
▪ Furniture: £6,500
▪ Total Upfront Cash Required**: £11,750

▪ Monthly profit at 70%: £1,155
▪ Annual profit at 70%: £13,857
▪ Profit over 5 years at 70% (assuming no increase in nightly rates): £69,285

▪ Monthly profit at 85%: £1,748
▪ Annual profit at 85%: £20,974
▪ Profit over5 years at 85% (assuming no increase in nightly rates): £104,870

▪ ROCE over 1 year at 70%: 118%
▪ ROCE over 5 years at 70% (assuming no increase in nightly rates): 590%
▪ Months till profit: 11