- 27,285,000 €
- 4.7% yield
- Benidorm Apartments package 4,500,000 €
- Basic parameters
- Photo
№ 2,220,326
Block of flats 2,000 m² in Benidorm
4,500,000 €
2,250 € /m²
- Total area 2,000 m²
- Yield 4.4%
- Lease term 2027
- Constructed —
Key project parameters
- Leasable area
- 2,000 m²
- Total area
- 2,000 m²
Project description
Description
Package of 18 apartments in Benidorm.
Building area — 2,000 m².
Plot area — 1,000 m².
The area of the apartments varies from 66 to 75 m². Each flat is furnished and includes 2 bedrooms, a living room, a kitchen, a sea view terrace. Equipment: air conditioning and alarm.
The building features an elevator, a reception area, a restaurant of 400 m² and 700 m² for 300 seats with an outdoor terrace, a parking.
Extra information
Car parks
Elevator
Balcony or terrace
Beachfront
Sea view
Furnished
Tenants
- Agreement
- Yes
- End of lease
- 2027
The building and the restaurant are leased until 2027 with a possibility of prolongation and an increase in income by 15–20%.
Financial performance
- Yield
- 4.4%
Annual income — 200,000 euro.
Transaction costs
Commission — 3%.
Location and nearby infrastructure
The building is located in Benidorm, on the first sea line, near La Cala Beach.
The Valencian Community is an autonomous community of Spain. It is the fourth most populous autonomous community. It is located along the Mediterranean coast on the east side of the Iberian peninsula. The population is about 5 million people.
In addition to tourism, the Valencian Country has significant exports, and it ranks second in this respect among the Spanish autonomous communities, constituting 12% of the national total.
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- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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