- 27,285,000 €
- 4.7% yield
A residential building is sold in the center of Lloret de Mar with a project for reconstruction on the coast of Costa Brava. Located in the heart of the city, where hundreds of thousands of tourists from different countries take place every year. Facade of 8 meters. Total area 660 M. KV. Built in 4 floors. On the ground floor there is a restaurant with a multi-year story, rent for 2000 euros per month. In a building of 6 apartments, which are also leased (all contracts are short-term, so that there are no problems when selling new owners). Gas heating has been performed. There is a basic project for the reconstruction of the building and restructuring in a boutique hotel on 14 rooms. The term of work is 6 months. Launch of the hotel — 2 months. The required number of investments is 500,000 euros. Profitability with its own control will be 8%.
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