Self Catering for sale in Birmingham

View the "Highly Lucrative hands off 24 2/3 Bedroom Property Portfolio of Self Catering Short/Long Term Lets with Full Management package. Stamp Duty savings apply, if completed before 30/6/21" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Highly Lucrative hands off 24 2/3 Bedroom Property Portfolio of Self Catering Short/Long Term Lets with Full Management package. Stamp Duty savings apply, if completed before 30/6/21

Birmingham, West Midlands, England

  • Freehold Price: £3,030,000
  • Leasehold Price: £1,500,000
  • Annual Turnover: £472,786
Seller Reference: PAX0207425490
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Business Description
 
 
 
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Seller Reference: PAX0207425490
Request Details
Business Description
We are pleased to offer a selection of 2 and 3 bedroom properties (Houses and Apartments) for sale in the Northeast of England and in the heart of Birmingham City Centre currently either fully let or with future bookings.
There are 24 Properties in total. 15 Properties are being run as a short term serviced accommodation available from 1 nightly rental onwards. 9 Properties are being let as AST’s. These 9 Properties on long term are being converted for short term lets when the AST comes for renewal. Conversion costs are included in the price of the Portfolio.
A combined revenue of £784K has been achieved since the initial conversion of properties to short term serviced accommodation mainly during the COVID pandemic period when we were approximately working on 30% occupancy levels due to low demand. The potential for this portfolio after the lockdown restrictions are lifted is enormous.
This Portfolio comes with full day to day management @£500 per property per month.

Please click on website for virtual tours.

PS Note Marlow Property is not included in this sale.
Trading hours:
24/7
Number of employees:
0
Tenure:
Leasehold, Freehold
Is accommodation included?:
New Owners can stay upto 2 weeks in their property subject to availability Free.
Number of bedrooms:
2/3
Support and Training:
Full Management of all properties is part of the sales agreement @£500 per property which includes project management for the 9 properties to be converted to short term let lucrative model.
Location Details:
A portfolio of 24 Properties for sale. 15 are being let as short hold serviced accommodation. 9 on AST’s at the moment waiting to be converted into short lets within a year. Location ; 19 in the Northeast of England and 5 in Birmingham city centre.
Is this business relocatable:
Yes
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