R2RSA in Bristol

Sourced are pleased to present another truly brilliant opportunity to take on a 2-bedroom, 1-bathroom flat for R2RSA in Bristol. The unit benefit from free on-street parking and has been maintained to a high standard. The property is in a fantastic location, being only a 10-minute drive from the City Centre.

The unit will comfortably be able to sleep up to 6 guests. The total rent payable is £1,550 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 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 £4,000 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 £4,000 per unit applies.

The Financials
▪ Rent: £1,550
▪ Ongoing monthly costs (including approx. bills): £383
▪ Average nightly rate: £202
▪ Revenue at 70% occupancy: £4,301
▪ Revenue at 85% occupancy: £5,223

▪ Deposit: £1,550
▪ Sourcing fee: £4,000
▪ Furniture: £4,000
▪ Total Upfront Cash Required: £9,550

▪ Monthly profit at 70%: £1,173
▪ Annual profit at 70%: £14,076
▪ Profit over 3 years at 70% (assuming no increase in nightly rates): £42,229

▪ Monthly profit at 85%: £1,839[Í m8766
▪ Annual profit at 85%: 22,063
▪ Profit over 3 years at 85% (assuming no increase in nightly rates): £66,190

▪ ROCE over 1 year at 70%: 147%
▪ ROCE over 3 years at 70% (assuming no increase in nightly rates): 442%
▪ Months till profit: 8