Nineteen Keel Wharf is a collection of 46 two bedroom apartments which are currently undergoing an extensive programme of refurbishments. Facilities will include a 24-hour reception with secure luggage storage, an on-site cafe for residents and parking.
Serviced accommodation is one of the fastest growing sectors within the hospitality industry. Demand is driven by the desire for a home from home experience in a more spacious environment, similar to the successful Airbnb model.
The investment potential for savvy investors in this sector is undeniable. The returns generated from a serviced apartment let on a short term basis far outweigh those of a traditional buy-to-let purchase in the same location. Earnings average between 15%-20%, based on 60% occupancy levels and investors are expected to double their returns in comparison to a standard traditional long term let.
The two key factors for a successful short term rental property are simple - great location coupled with professional management. A management company will promote the property via the appropriate marketing channels to achieve maximum occupancy and implement the highest standards of maintenance to ensure that guests enjoy their stay, leave favourable reviews and return again in the future.
Size is between 613 sqt to 764 sft
Price starts £169,000
2 beds airbnd £99 per night to £339 per night