Serviced Accommodation: 2 Bedroom Apartment
38 West Victoria Dock Road, Unicorn Court, Dundee, DD1 3BH
WHY INVEST IN THIS PROPERTY
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The property boasts stunning Views of the River Tay.
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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!
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As an SA unit the reward would be on average £130 Per night.
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This property is furnished to a high standard and features a Parking Space and a Bike store
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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
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Purchase price: £178,500
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25% Deposit: £44,625
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Legals& Stamp Duty: £7,140
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Refurb Approx: £0
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Sourcing Fee: £5,000 + vat
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Total Cost: £56,765
As Buy to Let
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Rental income: £725 pcm (Potential rent £895pcm)
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ROI: 5.69% with potential of 7.76% if rent is increased to current rental value
As Serviced Accommodation
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Nightly rate: (£99 - £140) Dependent on days of week, number of people staying & season
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Monthly income at 80% Occupancy: £2,908
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Yearly income at 80% Occupancy: £34,894
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ROI: 36.92% based on £99 at 80% occupancy
