How do Serviced Apartments Work?
With the decline of Rental Yields in traditional Buy to Let and the government squeeze on Landlords, we need to find new ways of increasing the Yield on Property Investments. Converting a Buy to Let into a Serviced Apartment is when an Investor Furnishes the Property to a standard where they can offer the Property to guests on a Daily or Weekly basis as an Alternative to staying in a Hotel. This is typically done to people travelling for work or people visiting for pleasure and has become very popular.
The key to Serviced Accommodation is the Location and the Facilities. We Source very specific Projects, in the Highest Demand Areas, making sure the Quality of the Property and the Amenities are able to Maximise the Investors Occupancy and hence give them the Highest Rental Yield.
7 Reasons to Invest
- Up to 16% Rental Yields using Short Term Lets (subject to terms)
- Mortgage Products available to reduce Capital Investment
- Lower Entry Price than Supported Living Investments
- Can be Sold on at Exit as normal Buy to Let
- Capital Growth potential like any normal Residential Home
- Lettings Company in place to Maximise the Rental Yield
- Personal Use (popular when purchasing on a tourism strategy)