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Price £15,172
Postcode See on google map
Type of ad Agency Offer
Type of property Flat/Apartment
# of bedrooms 2
Description

Big Roar are thrilled to present a rare but lucrative opportunity to purchase this 2 bedroom, 2 bathroom property with five years remaining on the leasehold. The apartment benefits from a superb central London location, with principal commercial, leisure and shopping areas all within easy reach by public transport.

This specialised serviced accommodation property offers high rental income, with a projected £70,543.44 in NET profit over the full term and this leasehold purchase has 5 years remaining!

Projected monthly figures:

Projected rental income = £6,463.54

Projected management costs (12% of rental income) = £776

Rent to landlord (the purchaser is responsible to pay rent on a monthly basis) = £2,800

Projected bills (a variable cost based on the property in terms of utility bills i.e council tax, water, electric, gas etc.) = £928

Potential average NET monthly income = £1,959.54

Potential average NET annual income = £23,514.48

Potential average NET income over 5 year term = £117,572.40

This is an absolutely fantastic opportunity to acquire this spacious two-bedroom fully furnished apartment!!

*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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Big Roar

Address: 223 Regent Street, London, W1B 2QD
W6 7DY

See all ads ( 1 ads ) Member since: 24/01/2020

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