Investment project of the apartment building (conversion of office spaces to the residential area + subdivision) with subsequent resale.
Description
The construction period is 20 months.
The apartment building will have 7 apartments, including 3 lofts, with a total area of 658 m². The public territory will occupy 78 m².
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.
The expected annual income is 367,581 €.
The expected yield is 17,1%.
Costs
- Purchase costs: 832,190 €
- Construction costs (including VAT): 525,210 €
- Other expenses (insurance, license, etc.): 162,844 €
- Investor's funds: 887,098 €
In total including financing: 1,617,000 €.
The cost of the property at the subsequent sale will be € 2,150,000, 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 facility is located in the Eixample district, near the Sagrada de Familia cathedral and 10 minutes walk from Plaza Catalunya. There are metro stations and buses, restaurants, cafes, shops, parks, schools and clinics located nearby.
Eixample is a district-museum of facades of the modernist era, the pearl of all Europe. The most central part of Barcelona, includes the main infrastructure of the city.
Here there is a high liquidity of real estate due to limited supply. The demand for housing among both local residents and foreigners exceeds supply by 4 times.
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.
