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Building with 9 apartments and a commercial unit

 
Ref.:ST5-24540 760m2 9 9
750.000€ 695.000€

Key features

Bedrooms: 9 Bathrooms: 9 Built: 760m2
Distance to beach: 1.1 Km. Distance to airport: 58.6 Km. Distance to amenities: 0.1 Km.

Year of construction: 2018

Location

Description

Well located building with 9 apartments and a street level commercial unit in the heart of Benidorm.

This is a rare opportunity to purchase a whole, recently built building with four studios, four 1 bedroom apartments, a 1 bedroom penthouse with large roof terraces and a commercial unit at ground level with a basement.

Located just 400m from the main tram/train station and just a 15 minute walk from Poniente Beach and Benidorms bustling 'old town'.

This building offers excellent investment potential for either long term rental or, with the addition of a tourism licence, a shot term holiday rental business.


A rent to buy option would also be considered.  As an example:

Deposit 30% - €208,500

24 monthly payments of €2500 - €60,000

Balance in 24 months - €426,500

Total - €695,000

* (Figueres exclude taxes)

Estimated long term rental potential:

4 Apartments: €500 - €550 per month each

4 Studios: €450 - €500 per month each

A Penthouse: €550 - €600 per month

Total: €52,000 - €57,600 per year

Plus the commercial unit.


Estimated short term holiday rental potential:

4 Apartments: €50 - €80 per day

4 Studios: €45 - €75 per day

A Penthouse: €55 - €85 per day

Total: €158,775 - €257,325 per year

Plus the commercial unit.


Contact us for further details and to make viewing arrangements...

Features

Property Features: Lift
Setting: Town
Kitchen: Fully Fitted
Orientation: South West
Security: Shutters
Views: Street
Property Features: Double Glazing
Condition: Good

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