Serviced accommodation or BTL?

Published

5th June 2020

Serviced accommodation or BTL?

A short while ago we purchased this run down, unloved property with the plan to make it beautiful again and then rent it out as a serviced accommodation unit.

Being only 7 minutes walk from the city centre, these little properties do very well at the budget end of the sector. We started the strip out and all was going to plan when COVID -19 took the world by surprise!! Everything was halted and work stopped whilst we tried to figure out what was happening. Being a small project we are now able to get our tradesmen back on site because they are able to work one at a time and no paths have to be crossed. We should be finished in July sometime.

However, we don’t want to launch an SA in the current climate, so this little gem will become a BTL for the foreseeable future. What would you have done? We’d be interested to hear your views at info@greenstar-property.co.uk

*We are still offering 60% off to key workers throughout May and June

 

Greenstar Property

Serviced apartments in Bell Street Dundee.

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