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Developers

January 21, 2019 by admin

Partner With Us and Maximise Your Income

Block owners and developers are ideally positioned to reap the benefits of the serviced accommodation market.  Many developers are already looking to the lucrative build to rent market, so the change of mindset from trading to retaining units is no longer a large hurdle to overcome.  The real challenge is joining up the seemingly very different strategic avenues of hospitality and development:  Building a hotel is often not at the forefront of residential developers’ minds.

What residential developers do already know is how to build apartments in a cost-efficient way and fortunately, in terms of construction, a serviced apartment cluster requires very little over and above a modern block of flats. That same block, operated as serviced apartments, offers a significant suite of benefits to the holder, over and above a standard residential rental strategy.

The value proposition to potential occupants is also a simple case to make:  When a young professional is told that a new build London apartment costs £1800 PCM to rent, their perception may be that this is very expensive.  But that same person, in town on business for a short period, will be impressed by the value offered at the very same apartment, with a lower per-night price than the nearest hotel room.

SYLQ Living is pleased to be able to offer our services as a turnkey solution to any freeholders and developers interested in gaining a share of this rapidly expanding market, with no prior knowledge of the industry required.

Benefits

 Gain a share of the hotel market with far lower construction and fit-out costs

 Avoid Section 24 “Landlord Tax” in an HMRC-approved way

 Significantly higher yields than standard lets

 No agency fees or advertising costs

 Minimal wear and tear, with weekly inspections as a minimum

 Excellent way to enjoy significant cashflow while waiting for appreciation in value before trading units

 Capital allowances of a massive 55% of build cost, on average (with the potential for much more, depending on what build stage we are involved)

 Exit strategy back to residential if desired

 No ASTs and thus no tenant issues

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