R2SRA in Wembley

Sourced are pleased to present another fantastic opportunity, a stunning 4-bed house available for R2RSA in Wembley on a 5-year agreement. The property has recently been fully renovated and benefits from off-street parking. The house benefits from 4 stunning bedrooms, 2 bathrooms, a fully equipped kitchen and a separate reception room. The property is in a fantastic area for serviced accommodation, with demand from both corporate and leisure guests in the area. Wembley Stadium is a short 15-minute drive away and both Central London and Heathrow Airport are accessible within 30 minutes.

The unit will comfortably be able to sleep up to 14 guests. The total rent payable for the unit is £3,450 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 £7,000 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 £4,250 applies.

The Financials
▪ Rent: £3,450
▪ Ongoing monthly costs (including approx. bills): £510
▪ Average nightly rate: £385
▪ Revenue at 70% occupancy: £8,198
▪ Revenue at 85% occupancy: £9,955

▪ Deposit: £3,450
▪ Sourcing fee: £4,250
▪ Furniture: £7,000
▪ Total Upfront Cash Required: £14,700

▪ Monthly profit at 70%: £1,960
▪ Annual profit at 70%: £23,519
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £70,557

▪ Monthly profit at 85%: £3,228
▪ Annual profit at 85%: £38,742
▪ Profit over 3 years at 85% (assuming no increase in nightly rates): £116,225

▪ ROCE over 1 year at 70%: 160%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 480%
▪ Months till profit: 8