Investment project of a four-story apartment building.
Description
The construction period is 20 months.
The apartment building will have 6 apartments, including the penthouse, with a total area of 423 m². Also there will be a patio and terraces.
The apartments will have a stylish design made with high quality materials. They will include fully equipped kitchens and fitted wardrobes in bedrooms and living room.
On the ground floor there will be parking for three places.
The expected annual income is 437,712 €.
The expected yield is 17,1%.
Costs
- Purchase costs: 875,000 €
- Construction costs (including VAT): 689,588 €
- Other expenses (insurance, license, etc.): 202,180 €
- Investor's funds: 977,224 €
In total including financing: 1,910,000 €.
The cost of the property at the subsequent sale will be € 2,560,000, which ensures the yield of 17% per annum.
Form of investment: participative loan (loan, the percentage of which is determined by the result (profit) of the project. The higher the profit, the higher the %).
Brokerage fee is 5%.
The property is located in the part of Zona Alta which unites the elite areas located on the Collserola Hill. There is a park, bus stop and metro station located nearby. The center of Barcelona can be reached in 15 minutes by subway.
This area has good infrastructure, the best private and international schools, hospitals, shopping centers, and all this overlooking the whole city is an excellent area for family living. Spanish middle class and local rich people, who are tied to schools and clinics and other infrastructure of the area, live there.
Barcelona is the capital of the autonomous region of Catalonia and the province of Barcelona. The population of Barcelona exceeds 1.6 million people (2nd city in Spain in terms of population after Madrid and 10th in the European Union).
Barcelona is the largest industrial and commercial center of Spain. Auto assembly plants of the Spanish company SEAT (Volkswagen group) and foreign manufacturers (Renault, Peugeot, Ford) are located in the city.
