R2RSA in York

Sourced are pleased to present another truly brilliant opportunity to take on a 4-bedroom house for R2RSA in York City Centre. This elegant house offers 4 spacious bedrooms with attached bathrooms, all having large windows that make them airy and bright. 1 Luxury double are placed in the top bedroom and a double in each of the other. The rooms are carpeted with high-quality furniture. The ambiance is classy & sophisticated. It's perfectly located just behind the National Railway Museum and only a 10-minute walk to York’s historic city walls.

The unit will comfortably be able to sleep up to 10 guests. The total rent payable for the unit is £2,100 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 £5,000 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: £2,100
▪ Ongoing monthly costs (including approx. bills and furniture costs): £554
▪ Average nightly rate: £291
▪ Revenue at 70% occupancy: £6,197
▪ Revenue at 85% occupancy: £7,524

▪ Deposit: £2,100
▪ Sourcing fee: £4,250
▪ Furniture, Interior Design, Soft Furnishings & Set-up Costs: £8,000
▪ Total Upfront Cash Required: £14,350

▪ Monthly profit at 70%: £1,821
▪ Annual profit at 70%: £21,846
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £65,539

▪ Monthly profit at 85%: £2,779
▪ Annual profit at 85%: £33,352
▪ Profit over 3 years at 85% (assuming no increase in nightly rates): £100,057

▪ ROCE over 1 year at 70%: 152%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 457%
▪ Months till profit: 8