FROM THE BLOG
2 Sydenham Road – Service accommodation part 1: Ground Floor
We would like to present a Service Accommodation of 5 flats which have been converted from a GP Surgery Practice.
Serviced accommodation refers to fully furnished properties which are available for both short or long term let. This type of accommodation may also offer facilities similar to those offered by hotels.
Serviced accommodation is quite a new thing when it comes to investment properties in the UK. Now, unlike a single-let buy-to-let, with serviced accommodation, you essentially let a property out on a short-term basis. You let your property out to what we’ll call guests rather than tenants, because you’re letting the property out usually, by the night or at least on a short period of time.
So, rather than we would say a buy-to-let, where you have a 6-months tenancy or a one-year tenancy, you may be letting out your serviced accommodation literally for one night, or it could be for a weekend, or you can actually have long-term short-term lettings. I know of many people who’re involved in the serviced accommodation sector, who get very excited, for example, when a contractor comes along, they want to take the property for 6 months. You can do that as well.
See the pictures below of the final product. We are always excited to see the outcome of our project. When the client is happy that’s when we are happy.
Want to know more? See our Part 2 (Upper Floor)
02089 650562 or email firstname.lastname@example.org