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

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

4,500,000 €
321 € /m²
£3,852,000
£275 /m²
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  • Total area
    14,000 m²
  • Built in 
    2021
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.

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.

More properties

If this ad doesn't suit you, have a look at the other shopping centers for sale in Benidorm.

All ads in the country: shopping centers for sale in Spain.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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