New student residence, Alicante, Spain

Additional information is provided after the signing of an NDA

New student residence, Alicante, Spain

659,000 €
967 € /m²
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  • Total area
    681 m²
  • Yield
    8.3 %
  • Built in 
    2020
Details
Property parameters
  • Total premises: 12
Financial performance
  • Annual income: 54,720 €
Transaction costs
  • Broker: 5.0 %

Student residence located close to the University of Alicante.

Description

The student residence includes 12 loft-style apartments ranging from 37 to 68 m² each, with a total area of 681 m².

The apartments will be fully equipped with furniture and electrical equipment and will be ready for rent on a turn-key basis.

Completion date – April 2020.

Extra opportunities

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

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Financial performance

It is possible to pay rent for 3 years in advance, by deducting the rental amount for 3 years from the purchase amount.

Total: 659,000 € - (54,720 € x 3) =,494,840 €.

Location

The property is located in 3 bus stops from the University of Alicante.

Alicante is a resort town in eastern Spain, the center of the province of the same name. It is considered the capital of the eastern Spanish coast and the main resort of the Costa Blanca. The population of the city is more than 300 thousand people.

Alicante is the most popular province of Spain among foreigners – last year, 50% of local house purchases were made by foreigners. In addition, there is one of the largest airports in the country, serving up to 13 million passengers per year.

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    Location right down to the building, street or city
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    Other offers nearby

More properties

If this property wasn’t for you, take a look at other student accommodation (building) for sale in Spain.

You can see more student accommodation (building) for sale in Alicante elsewhere on our website.

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