The asset

Fixed-rate loan at 7% annual interest and monthly payments for 12 months. The borrower has owned the property since 2006. The amortization will be at 12 months, since this is the period in which the investment will be recovered with the income generated by vacation rentals.

Reasons to Invest

• 7.2% LTV (Loan To Value)
• In the city centre
• 400m from the beach
• Proven creditworthiness of the borrower
• The property has had an important zone revaluation

Current status

The apartment will be free of tenants in March 2020, so it is intended to make a reform consisting of air conditioning installation, change of the current kitchen and replacement of the bathtub by shower tray.

Characteristics

Practical apartment in the exclusive coastal town of Sant Feliu de Guíxols, in the heart of the Costa Brava. Perfect for holiday rentals or all year round. Accommodation for up to 6 people. The apartment with a built area of 53m2 consists of two bedrooms and a renovated bathroom, kitchen and dining room with balcony. Only two minutes from the promenade and the beach. Located next to the Rambla and the city centre.

• Amortization type: American (monthly interest payment with capital amortization in the last installment).
• Destination of the loan: Reform
• Other mortgages or charges on the property: NO