Building with tourist apartments, Sevilla, Spain

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Building with tourist apartments, Sevilla, Spain

2,700,000 €
3,857 € /m²
£2,327,000
£3,324 /m²
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  • Total area
    700 m²
  • Yield
    5.0%
  • Built in 
    2023
Details
Property parameters
  • Total apartments: 15
Transaction costs
  • Broker: 5.0%

Description

The new building with an area of about 700 m² consists of 15 tourist apartments.

Financial performance

The yield is 5%.

Tenants

There is a prospective tenant.

Transaction costs

Brokerage fee — 5%.

Location and nearby infrastructure

The property is located in the central area of Sevilla in Andalucia.

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.

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