San Isidro Penthouse

 Buy to Let
Spain
5.77% + 4.47%
Annual yield
-
LTV
Term: 48 months
Interest payment schedule:
Monthly

EvoEstate description

Update 09.01.2020 6:09PM (CET): We have received concerns about how long this project is taking to finance and that the capital is tied up. We want to clarifiy that with Brickstarter you start earning capital once you invest. From your investment period to the moment the project gets funded you are earning 5% APR.

It is another great oportunity in Alicante from Brickstarter for AirBnb rentals. This is not skin in the game, because we have just invested in Calle Carmen Airbnb and would rather diversify in another city for this type of investment. Though if you do not have invested in previous project - this is a good oportunity. Comparing with the previous project this has advantage that last year revenue for this unit was greater than the Carmen and the price is cheaper so the Return on Rental income is bigger. The disadvantage of this unit is the top floor without elevator.

The unit has a short term rental license.

Descripton

We keep on investing in Alicante, our most successful city in terms of revenues and occupancy rate. Since our first investment in Calle Mayor many things have changed in the city. A new legislation has come into place, and now it´s becoming harder and harder to get a new license, which is good news if you hold one.

We are back with another fantastic opportunity. Another apartment that has been running as a vacation rental property with excellent results, and you are going to understand why.

Main characteristics of the apartment are: views and location, and this apartment has plenty of both. We have invested in attics, and well located apartments before, but this one is something else. It is located right in the center of downtown (Casco Antiguo). Surrounded by restaurants, bars and clubs, with a huge terrace to enjoy astounding views to the Santa Barbara Castle (the most important monument). Our guests will fall in love with our fantastic terrace.

Project summary

We have a fantastic opportunity as the apartment is in perfect condition to hold guests from the very first day. (Actually, there are some bookings that we are inheriting from Jonathan- the current owner- and that we will host).

But there are other reasons why this is a fantastic opportunity:

It´s huge terrace with astounding views from the Santa Barbara Castle, is second to none. We are talking about a top apartment. Hard to find a better apartment than this one in Alicante.

Location is perfect. Right in the center of downtown, it is surrounded by restaurants, bars and clubs. It is also a 5-minute walk from the beach and the main touristic attractions. In the old neighborhood (Casco Antiguo), it is the zipcode with higher occupancy rate, revenues and less seasonality.

The apartment has been running as a vacation rental property since 2017. There´s enough historical data to be sure about it´s profitability.

The apartment is already furbished, and it is in perfect conditions. We will keep some future bookings. This will let us start earning money from the very beginning.

Although it is located in the busiest part of town, as it is an attic, it remains quiet at night. During the day, you just have to open the balcony to enjoy the sun, the breeze, and go down stairs to enjoy the best restaurants and bars in town.

The apartment has it´s valid license.

Project originated by:

Documentation

5.77% + 4.47%
Annual yield
-
LTV
Term: 48 months
Interest payment schedule:
Monthly