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Holiday Let 2 Bedroom Apartment In Derby For Sale

Derby, Derbyshire, UK
Asking Price:
£100K - £200K Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under £50K
Cash Flow:
Under £50K

In a desirable part of Derby within walking distance of the city centre, this 2 bedroom, 2 bathroom apartment is ideal for holiday lets. It is currently advertised on Airbnb and booking.com and, with mainly 5 star reviews, demand for bookings is high. It comes with a secure parking space. Included in the sale is all furniture, bedding, kitchen equipment, towels, crockery, cutlery, TV and so much more (full inventory available on request). Having had a new boiler and new carpets in 2020 as well as Plantation window shutters fitted and a combination B&B door lock fitted recently, it is perfect for anyone wanting to add to their holiday let portfolio. The apartment is close to Darley Park, a beautiful green space in the centre of Derby.

The current owners have spent a long time fitting out the property to make it comfortable for their guests and feel that there should not be much capital expenditure needed now so investors should enjoy good profits. Although last year was down on takings because of Covid, bookings have picked up again and only 7 nights out of 31 were not booked in August. Takings for August 2021 after deducting the commission from Airbnb and booking.com were £2037.31. Expenses that have to be deducted include cleaning and laundry and all services. Although income cannot be guaranteed, the current owners would expect future net profits to be between £1000 and £1500 per month. This property is in demand as a holiday let throughout the year. Guests book the apartment when working in Derby, visiting children at university, attending the many events in Derby, attending weddings, visiting the Peak District, going to Alton Towers and for many more reasons. The owners are only selling because of ill-health.

For more information, please contact us by using the form below.

Property Information

Property:

Leasehold

Lease Terms:

Long lease (999 years when building built in 2006).

Leasehold Rent:

£0 per annum

Location:

Close to Derby Centre

Premises Details:

Fully equipped 2 bedroom 2 bathroom apartment with secure parking

Size in square feet:
656
Energy Performance Rating:
B  View EPC Graph for this property

Business Operation

Reasons for selling:

ill health

Employees:
Contract cleaning company
Years established:
3

Other Information

Support & training:

Current cleaning company is happy to continue with new owners (new owner would need to negotiate terms). They service every turnaround with cleaning and laundry. Current owner happy to help with advice on software for the easy running of the business.

Furniture / Fixtures value:
£7,000 - included in the asking price
Inventory / Stock value:
£3,000 - included in the asking price
Website:
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