Perez Medina 1
Closed for investment
The apartment we are presenting today is a little over 80 square meters, it is the first "A" of our building Benalua. Once the apartment has been renovated, we will obtain a 3-bedroom apartment with one bathroom and kitchen living room in American style. This will allow us to accommodate 3 co-living tenants or up to 6 vacation rental guests.
Once the renovation is completed, along with the acquisition of furniture, appliances, and other equipment to make the property livable and functional, it will make this project a good source of income. This makes this investment a very attractive opportunity that cannot be missed.
The main reasons to invest in this opportunity are:
- Price: We have obtained an unbeatable price for the property, with a cost per square meter approximately 65% less expensive than the average value per square meter for apartments in the area. As a result, we will have the flexibility to sell quickly at a higher price in the future.
- Low legislative risk: It is a property that is completely free of liens or encumbrances. Owning the entire building makes it easier to obtain the tourist apartment license since we don't have to deal with other owners, but until it is obtained, this property can be exploited as a co-living rental.
- Condition: Given that the first floor is already divided into 2 apartments, in this one we only need to carry out a renovation to update the apartment itself and obtain the distribution that we desire.
- Typology: It is a property with 3 rooms, suitable and ideal for co-living. In addition, it will have 1 bathroom and a kitchen that will serve as a common area. The property, rectangular, is perfectly distributed. And once we obtain the tourist license, thanks to the open-plan kitchen and living room, we will be able to accommodate up to 6 tenants for vacation rental.
- Versatility: Thanks to owning the entire building, we can obtain a tourist apartment license, allowing us to exploit it as either room rentals or vacation rentals. Being in a very central area will make the project a continuous source of income.
- Potential: The characteristics of this property and, above all, its acquisition price mean that it has great potential for revaluation and for generating constant and continuous income.
- Location: Very strategically located, just a few minutes walking from the main attractions of the city.
Why invest in this apartment?
Very high yields: Estimated IRR of 10.67%.
High versatility: It can quickly adapt to both vacation rentals and coliving.
High monthly returns: Due to its high occupancy, the estimated monthly yield is 5.03%.
Information about the apartment
Welcome to a fantastic investment opportunity in the heart of Alicante. This 80-square-meter apartment is part of the Benalua building. After the renovation and horizontal division, we are going to carry out in the building, it will become a 3-bedroom apartment with one bathroom and an American-style kitchen-living room, which offers the possibility of accommodating up to 3 co-living tenants or 6 guests in vacation rentals.
We are going to make a series of improvements to this property with the aim of increasing its value. These include a renovation to update the facilities, horizontal division, obtaining a license for vacation rental, and expanding its built area, which will decrease the price per square meter of the land.
The location close to the old town of Alicante will generate high demand for rooms, making this investment an attractive and profitable opportunity. With an unbeatable price of just under 660 euros per square meter (around 65% below market price), low legislative risk, and a strategic location. This investment has great potential for appreciation and generating constant income.
With this project, we will achieve a return on investment of over 10% (IRR), which we can estimate thanks to our experience in the city of Alicante. As you know, we have five co-living projects that are generating constant income, as well as many vacation rental apartment projects. In the city of Alicante, we have a well-established infrastructure that facilitates the management of this project. Therefore, we are confident that this project is one of the best we have had to date in the city of Alicante.
Don't miss this investment opportunity in Alicante! Alicante is one of the cities that is generating the most return on investment for us through co-living and vacation rentals.