Carmen Street Alicante AirBnb

 Buy to Let
Project listed: 20.11.2019
Alacant,
Spain
5.08% + 5.14%
Annual yield
Term: 48 months
Interest payment schedule:
Monthly
Interest payments
23.12.2019
Paid
31.01.2020
Paid
10.02.2020
Paid
10.03.2020
Paid
14.04.2020
Paid
13.05.2020
Paid
13.06.2020
Paid
13.07.2020
Paid
10.08.2020
Pending

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July 19, 2020
Brickstarter has informed, that for the previous month, the interest payments will not be distributed, as the properties have incurred fixed fees such as utility subscription and internet. Brickstarter has also informed that they have already received some bookings for July and rents will be distributed in August.

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Descripton

EvoEstate description:

It is the second offer from BrickStarter to invest in Alicante this year

Brickstarter managed to secure great purchase, because the acquisition price is well below market price (also see the attached document). The unit location is great: it is in old town and just 7 minutes walking to the beach.

Furthermore this unit has a touristic license and is in the building where all the units are touristic. (The risk of losing license is reduced to minimum). Last 12 months unit generated 19k from AirBnb only. Knowing that Brickstarter makes more sales over Booking.com rather than Airbnb, we see a possibility that the revenues might increase due to the fact of listing in more platforms.

* The rent (dividents) on this property starts to pay after the apartment renovation is completed and it is rented out on AirBnb and booking.com, therefore expect a delay of payments between 1-3 months

Brickstarter description:

Information about the apartment

We return with a new opportunity to Alicante, a city that we love, for its high profitability and low seasonality (Our first opportunity “Calle Mayor” is currently one of our most profitable properties).

The Costa Blanca is the tourist area of ​​the country where a greater number of Spaniards are concentrated in the month of August 2019, with 336,418 travelers and almost 1.3 million overnight stays.

For this reason, we launched this opportunity in the historic center of Alicante which, as we know, is the largest district of demand for tourists since it is the one that collects the main monuments and points of interest of the city. In addition, the property is located just 400 meters from the beach.

It is a property that is already functioning as a tourist apartment and generating a high profitability for rent. The building is in perfect condition, it was built in 2009, it has an elevator and a small reception with vending machines for guests. The entire building is dedicated to the holiday.

The distribution is very good as it has two double bedrooms, a bathroom in the common areas and an integrated kitchen in the living room. It is a very bright apartment since it has six balconies facing the street. It is in perfect condition to accommodate up to 6 guests, and thus maximize its profitability.

Location:  Alicante

Neighborhood: Santa Cruz

Cadastral reference: 0174507YH2407C0005MQ

Type of property: Apartment

Type of investment: Holiday apartment

Square meter: 73

Number of rooms: two

Nº of bathrooms: 1

Elevator: Yes

Manager: Brickstarter

Promoter: Brickstarter

In the "Barrio Santacruz": a few meters from the City Hall, the Cathedral, and the beach the most demanded neighborhood by tourists.

Old Town: surrounded by bars and restaurants.

Postiguet Beach: just 400 meters from the beach.

Project originated by:

Documentation

5.08% + 5.14%
Annual yield
Term: 48 months
Interest payment schedule:
Monthly
Interest payments
23.12.2019
Paid
31.01.2020
Paid
10.02.2020
Paid
10.03.2020
Paid
14.04.2020
Paid
13.05.2020
Paid
13.06.2020
Paid
13.07.2020
Paid
10.08.2020
Pending
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