Leasehold Opportunity: 5 Stylish Apartments in the Heart of St Albans
£80,500
£150,786
£24,205
Overview
Leasehold
2020
- Huge Growth Potential
- Low Overheads
An exciting investment Opportunity to Acquire 5 Premium Apartments in St Albans
Unlock a lucrative investment with the acquisition of leases on five high-end apartments, all currently operating as versatile short-term rentals within a concierge-serviced building in the desirable St Albans area. Initially leased in 2020 under a three-year agreement, these properties are now in the first year of a new lease for five years.
Key Highlights:
• 5 Leased Short-Term Rental Apartments: All units are under secure leases, generating reliable income through a variety of rental channels, including AirBnB, day rates for tourists and area visitors, and accommodations for tradespeople.
• Prime Location: Situated in a prestigious building with concierge services in St Albans, offering top-tier amenities that appeal to a wide range of guests, ensuring high occupancy and diverse revenue streams.
• Versatile Investment: Ideal for expanding your property portfolio or entering the profitable short-term rental market, with multiple income sources beyond just AirBnB.
The current owner has maximized these properties’ potential by leveraging multiple rental markets, making this a rare opportunity to step into a well-established and income-generating operation. With the owner now focusing on other business ventures, this is your chance to capitalize on the growing demand for premium short-term rentals in a prime location.
The apartments are located in an excellent, central location in St Albans. The building includes a concierge and apartments are sold fully furnished and equipped. Current owner responsibilities are minimal but include maintenance of the apartments. Contract is in place with the freeholder of the entire apartment building.
All apartments benefit from modern bathrooms and fully fitted kitchens inclusive of white goods. Apartments are well maintained with neutral décor, gaining plenty of natural light through large Juliet balcony windows.
Current owner lets out the apartments for additional various revenue streams such as on a day rate to tourists, area visitors, tradespeople. The apartments are also let via a number of rental markets such as Airbnb.
The business currently uses its own website and Airbnb for lettings. There is scope to build upon the bookings rate through active marketing and using SEO as a tool in gaining advertisement of the business.
Should the new owner prefer minimal involvement in a new venture, there is scope to rent the apartments out for longer periods of time to ensure a regular annual yield.
Features
Online Presence
Location
- Nearby Car Parking
- Limited Competition