Property for sale in London - 39927021 - Advertised on propertyO by Big-Roar!!!

Flat for sale

£15,345

England, London, London, United Kingdom Property ID: 39927021


Property features

  • Potential NET Annual Income: £14-227.36
  • 5 Year Leasehold Purchase
  • Potential For Fantastic Rental Returns
  • Corporate Lettings and Serviced Accommodation

Property description

Marylebone, London

 

Monthly projected income

Bedrooms (Sleep up to 6): 2

Projected average daily rate: £280

Estimated occupancy: 80%

Projected monthly gross income: £6,813.33

 

Monthly projected expenditure

Rent: £3,877

Council tax: £91

Utilities (5% variable): £194

Internet: £30

Management (12%): £818

Booking fees (9% variable cost): £614 

Estimated total monthly expenditure: £5,623

 

Estimated returns

Potential NET profit (pcm): £1,189.78

Potential NET profit (pa): £14,227.36

Potential NET profit (over term): £42,832.08

 

Details

Sourcing fee: £6,495

Tenancy deposit: £4,473

Rent up front: £3,877

Set-up fee: £500

Soft furnishings: Variable cost

Term: 3 years

Total cash required: £15,345

Self-management optional.

We insist any interested parties must satisfy themselves as to the accuracy on any information they receive by carrying out independent assessments.

Full Disclaimer:  There is no option to purchase the property at the end of the term. Tenants may choose to self-occupy this apartment although Big Roar would advise that this property is set up for and used as serviced accommodation utilising the corporate lets and/or the short lets model. The figures provided in the financial breakdown are potential or projected figures that have been sourced from the Global Serviced Apartments Industry Report 2018/2019; however Big Roar are not able to offer any performance guarantees. The 90-day rule is applicable and also to all Central London properties; whereby a maximum of 90 days can be let out annually on a short stay basis, unless all necessary planning permissions have been given.

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