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Serviced Accommodation: 2 Bedroom Apartment

38 West Victoria Dock Road, Unicorn Court, Dundee, DD1 3BH

WHY INVEST IN THIS PROPERTY

  • ​The property boasts stunning Views of the River Tay.
  • ​The current tenant has resided there for past 5 years and are currently paying £725pcm but there is scope to increase to the current area value at £895pcm!
  • ​As an SA unit the reward would be on average £130 Per night.
  • ​This property is furnished to a high standard and features a Parking Space and a Bike store
  • ​Dundee is the place to be! The property is based 11 minutes walk to the renowned V&A Design Museum, the area is undergoing huge regeneration projects, plus Eden Project have just announced new site too in Dundee!

THE NUMBERS

  • Purchase price: £178,500
  • 25% Deposit: £44,625
  • ​Legals& Stamp Duty: £7,140
  • Refurb Approx: £0
  • ​Sourcing Fee: £5,000 + vat
  • ​Total Cost: £56,765

As Buy to Let

  • Rental income: £725 pcm (Potential rent £895pcm)
  • ​ROI: 5.69% with potential of 7.76% if rent is increased to current rental value

As Serviced Accommodation

  • Nightly rate: (£99 - £140) Dependent on days of week, number of people staying & season
  • Monthly income at 80% Occupancy: £2,908
  • ​Yearly income at 80% Occupancy: £34,894
  • ​ROI: 36.92% based on £99 at 80% occupancy

To Secure this Deal: Text "416" to 07803410237

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