Serviced Apartment for Sale in Coventry West Midlands 3 Bed
Coventry, West Midlands
- Status
WITHDRAWN
- Advert ID
643180
- Leasehold: £10,000
- Rent: £14,760 (£1,230 per month)
- Turnover: £26,400 (£508 per week)
- Profit: £6,840 (26% Profit margin)
Key Features
- Potential for immediate sales increase
- Purpose-built accommodation block
Business Details
Serviced Apartment for sale in Coventry West Midlands 3 bed
Opportunity to own a modern serviced apartment located in Coventry, West Midlands. This well-presented three-bedroom apartment, fully staged and just six months old, is available for sale on a three-year lease.
This stylish residence boasts a contemporary design, featuring a fully equipped kitchen complete with modern appliances and ample storage space. The bedrooms are designed for comfort, bathed in natural light and adorned with cozy furnishings that create a welcoming atmosphere. The open living area provides a perfect setting for relaxation and entertainment, complemented by a television for your leisure. Additionally, the apartment includes convenient laundry facilities, enhancing its appeal for long-term guests.
The property's location is particularly advantageous, situated near various amenities that can attract customers. These include local shops, the University, and beautiful parks, making it an ideal choice for both leisure and business travellers. All fixtures and fittings are included in the sale price, ensuring a seamless transition for the new owner.
Business Insights
Having owned this successful serviced apartment for just six months, the current owner is selling due to a change in business direction. The asking price is available upon request, with a current turnover of £26,400 and an annual rent of £14,760, yielding a profit margin of £6,840.
Investment Potential
This leasehold opportunity presents excellent growth potential, with the possibility for immediate sales increases. The purpose-built accommodation block offers a strong foundation for future success, making this a compelling investment for those looking to enter the serviced apartment market.
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This listing has been withdrawn by the seller or their agent. Please check back soon for any future updates.
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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