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Bridge Apartments

Leased 19 Turn-key Apartments

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Overview

This opportunity came to light after receiving an email requesting a 6 month stay for 23 guests at Harbour Road.

 

Not ones for saying no we contacted the company and busily started looking for accommodation. Believe it or not we found this under a listing for a 35 bedroom apartment!

As professional property mentors we know that with every enquiry there is an opportunity. This is a perfect example.

Transformation

After a lot of number crunching and letting the numbers do the talking, we said yes to the #BIG19.

 

Each apartment has been kitted out by the landlord down to tea spoons, tea towels and hairdryers, with just a few tweaks here and there to put our stamp on in we were up and running within a few weeks with paying guests.

Many are rented as short term accommodation for corporate clients.

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Deal Breakdown

Deposit:
Setting Up Costs:
Monthly Rental Payment:
£ 15, 000
£  8, 000
£ 9, 500
 
Monthly Profit (avg.)
£10,000
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