Share in a mixed-use center under construction in Benidorm, Spain

Additional information is provided after the signing of an NDA

Share in a mixed-use center under construction in Benidorm, Spain

4,500,000 €
321 € /m²
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  • Total area
    14,000 m²
  • Completion in
    2021.I
Details
Property parameters
  • Land area: 4,867 m²
  • Number of parking lots: 176
Loan
  • Loan size: 50% of the value of the property

The share of 50% in a large mixed-use center which has no analogues in Europe.

Description

The center includes:

  • restaurants
  • exhibition halls
  • wine shops
  • 50-room apartment hotel
  • SPA complex
  • two-story underground parking for 176 cars

The center will host exhibitions, tastings, international sommelier contests, staff training for restaurants, presentations of investment projects in the field of Spanish wine-making.

Currently, the company owns a land plot, paid for the project and obtained licenses, in July 2019 construction begins.

The construction period is 18 months.

Extra opportunities

A Golden Visa can be obtained with the purchase of this property (residence permit for investments).

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Financial performance

The total cost of the center is 9,000,000 €.

The cost of the share is 4,500,000 €.

The expected annual income is 900,000 €.

The expected yield is 20%.

Loan

Bank financing of up to € 2,250,000 is possible.

Location

Benidorm is a city and municipality in Spain with a population of over 70 thousand people, a part of the province of Alicante in the autonomous community of Valencia.

Benidorm is the tourist capital of the Costa Blanca. There are many amazing beaches and clear sea. The city is called the Spanish New York for a large number of skyscrapers and the Spanish Las Vegas for the abundance of bars, restaurants and other places of entertainment.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other mixed-use buildings for sale in Spain.

You can see more mixed-use buildings for sale in Benidorm elsewhere on our website.

Statistics in Benidorm

Price per m², €
2,100
Real estate Price, €
Apartment in the city centre, m² 2,100.0
Apartment in a bedroom community, m² 1,479.0
Transport Price, €
Public transport, 1 ride 1.5
Monthly travel card 40.0
Taxi, 1 km 1.35
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.51
Milk, 1 l 0.69
White bread, 500 g 0.93
Eggs, a dozen 1.47
Chicken fillet, 1 kg 5.83
Education Price, €
Kindergarten, per month 325.67
International school, per year 6,666.67

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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