Complex of 9 villas in Albir, near Altea - SPA7801

Description

Please find attached a teaser for the very interesting project, the 9 villas in the Alicante region.

They are located 5 minutes from the beach.

Each has 450 m2 of living space, a swimming pool and a sizeable roof terrace.

The finishing of these villas is high quality, and they will be delivered in a fully furnished state, immediately ready for rental.

End March/early April is the expected moment of turn key delivery.

Albir is close to Benidorm, where the holiday season basically never stops.

Based on a conservative number of 30 weeks rented against an average, conservative price of EUR 1750, gives an annual revenue of EUR 52.500.

This equates to a bruto return of 6,95% p.a.  The return goes up further if the villas are bought through a Spanish entity, reducing the notary transfer tax by 10%

As such, the bruto return goes up to EUR 52.500 / 691.667 = 7,60% per annum.

I reiterate the conservative nature of the estimated rental income, both the price and the number of weeks.

The asking price for the 9 fully furbished villa’s is EUR 7.208.636, i.e. EUR 800.960 per villa.

In today’s market, they will fetch between EUR 1.1 and 1.2 million. 

This gives the buyer a substantial unrealised capital gain of over EUR 300.000 per villa, and EUR 2.700.000 in total.