Serviced accommodation refers to fully furnished properties that are available for both short-term and long-term let, like a hotel. However, it provides all the comforts required to feel at home, including space to relax, amenities like a phone and Wi-Fi, and utilities.
Here are some details of the sale:
- Ritual Stays is a leading serviced apartment business in the area, with a portfolio of 8 properties running profitably with the potential of a 9th property.
- The business has been running successfully for almost 4 years and has an option to keep on the currently employed manager for a more hands-off management.
- We pay £2500 for the management and cleaning, there is an option to take over her role and earn extra profits of around £68,000.
- All the properties are furnished to a great specification
- All the properties are on a lease, we will be selling these leases with the company. This enables a high ROI and reduces the risk of investment due to lower capital expenditure.
- The company's properties are advertised on popular platforms such as Airbnb and Booking.com and our own website for private enquiries, where they have received excellent reviews from guests.
- Guests can expect modern amenities, well-equipped kitchens, comfortable beds, and spacious living areas.
- The dedicated manager employed by Ritual Stays ensures that each guest receives personalised attention and assistance throughout their stay.
- Half the portfolio is in Hemel Hempstead and the other half is in St Albans.
- 3 two-bedroom and 6 one-bedroom apartments. One of the properties is a beautifully converted chapel-style building the rest are high-end apartments in the town centres.
- The asking price is £115,000
- For more details an NDA will need to be signed
For more information, please contact us by using the form below.
