Description
Student residence in Granada with a new long term lease.
Deal structure: Sale & Lease Back.
The annual income is 980,000 €.
The yield is 7%.
New lease with the operator for 20 years. Mandatory execution period is 5 years.
The brokerage fee is 3%.
The building is located in Granada, Andalusia. The population of the city is about 250,000 inhabitants. There are several universities in Granada, incl. University of Granada (UGR), which is one of the most prestigious universities in the country. With approximately 80,000 students, it is the fourth largest university in Spain.
Andalusia is situated in the south of the Iberian peninsula, in southwestern Europe, immediately south of the autonomous communities of Extremadura and Castilla-La Mancha; west of the autonomous community of Murcia and the Mediterranean Sea; east of Portugal and the Atlantic Ocean; and north of the Mediterranean Sea and the Strait of Gibraltar.
Among the autonomous communities, Andalusia is second only to Catalonia in tourism, with nearly 30 million visitors every year. The principal tourist destination in Andalusia is the Costa del Sol. Due in part to the relatively mild winter and spring climate, the south of Spain is attractive to overseas visitors–especially tourists from Northern Europe.
