SERVICED APARTMENTS

Serviced accommodation has become very attractive to landlords and property investors in recent years as it offers a wide range of accommodation options. Serviced accommodation can be budget accommodation or high-end accommodation. It may be accommodation let by the week, month or even year. It serves several different markets including tourists and leisure travellers, business people and contractors.

From a property investment point of view, an important thing to know is that serviced accommodation is a type of short-term letting.

Serviced apartments represent a popular accommodation option that blends the comforts and privacy of home with the conveniences and services typically associated with hotels. Often situated in prime locations with convenient access to public transport, dining establishments, and local attractions, serviced apartments cater to a diverse range of travellers.

There are many advantages of investing in serviced accommodation including the fact that rents from serviced accommodation are often higher than you would achieve from a long term let. It appeals to a wide group of people beyond your typical traveller for example business professionals, families, and individuals seeking a more personalised experience. It’s also a new and emerging market which offers new opportunities with relatively low competition.

Serviced accommodation can also offer possible tax benefits. For example, serviced accommodation may count as a furnished holiday let (or FHL) meaning that mortgage interest can be claimed as a tax allowance. This contrasts directly with standard buy-to-let, where Section 24 restricts tax allowances for mortgage interest.

At FFT Brave we can source, purchase, develop and manage your serviced apartments. We can advise you on location, property and how to finance it. For more information email contact@fftbravepropertyinvestments.com or call 0141 732 1156.

Discover our Linen Loft Serviced Apartments

We created 10 historic, beautifully renovated serviced apartments in the heart of Kirkcaldy.
Formerly a Victorian Linen Mill which dates back to the 1840’s and above one of Scotland’s oldest shopping arcades, we have sensitively converted and modernised 10 stunning, historic serviced apartments.

CONTACT US

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contact@fftbravepropertyinvestments.com

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0141 732 1156

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