Central London Serviced Apartments London, London, England, United Kingdom 2 Bed Flat £15,345 | €18,491 | $20,000 Request a Currency Exchange Quote Here

Earn high rental income in the heart of London with this fully managed serviced apartment that sleeps up to 6 guests. Located in the capital’s Zone 1, the accommodation is ideally placed to offer spacious alternatives to hotel rooms.

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Property Attributes

Amenities & Services

Fully Managed, Self Managed

Fixtures-Fittings-Furnishings

Fully Furnished

Purchase Incentives

Chain Free
Property Description ID:39927021

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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Important Property Information

Available Units

2 Bed Flat
  • GBP Price: £15,345
  • EUR Price: €18,491
  • USD Price: $20,000

Key Selling Points

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

Category : Holiday Lets

Cash requirement : £15,345

Reservation Fee: 6495.00 GBP

Furniture : Furnished

Occupancy : Tenanted

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