Update from the developer:
The works on the 71m2 apartment were completed in August 2020.
The works of the 121m2 apartment are being finalized with the expected completion in December.
The commercialization stage has started.
The project is advanced in relation to the planned schedule.
A new document containing pictures of the progress has been added.
Discover Antonia Mercé, the new investment opportunity of Kota Construcciones y Contratas SL. A dream project in the exclusive Goya neighborhood of Madrid, in the Salamanca district. The reform, segregation, and subsequent sale of the two resulting homes will be carried out in one of the most requested areas of the Spanish capital.
Its unbeatable location allows you to reach on foot the emblematic Parque del Retiro or Puerta de Alcalá, as well as the Nuevo Teatro de Alcalá or the Plaza de Toros de Las Ventas.
The developer requests 300,000.00 euros to be used to finance the acquisition and complete renovation of this home. First quality materials will be used for this. The transformation of the property will significantly revalue the sale price of it.
A project that enjoys a contribution of funds by the promoter of 165,000.00 euros (16% of the total cost of the project). In addition, bank financing is also provided for the contribution of funds through a mortgage on the property for the amount of 560,000.00 (54% of the total cost of the project).
Participate today from 500 euros of a fixed interest rate loan with quarterly interest payments, in a total term of 18 months . The annual interest is 8% and the Total Profitability 12% .
Kota Construcciones y Contratas enjoys an experienced team backed by 15 years of experience in the Real Estate sector.
Consolidated, solvent, competitive and constantly growing company. In his career he has carried out multiple projects, both in residential and offices.
It highlights its excellence using the best materials in proposals aimed at a premium audience, where they have developed real estate projects in different Spanish cities (Madrid, Málaga, Valladolid).
Maneuverability, versatility and commitment to quality in all its promotions are the characteristics that identify the company.
Antonia Mercé is a property in one of the most demanded areas of the capital (Goya, very close to the Salamanca District). The promoter proposes the segregation in two houses, which will revalue the sale price of the resulting floors. For this, it is finalizing the necessary projects for the granting of the works license by the Madrid City Council.
The project has the contribution of own resources by the promoter (16%) and bank financing (54%) is foreseen, in addition to the resources that will be provided by online investors (29%).
The integral reform that will be carried out will turn it into a modern, diaphanous space, where lighting and the latest technology in home automation to optimize energy expenditure as well as improve the quality of life of its inhabitants, will be a key pillar in the home.
With a total area of 193 m2, it will house:
1 house with 3 large bedrooms (1 suite), 1 bathroom, kitchen and a large living room
1 house with 1 large room with terrace, 1 bathroom, hall, kitchen and a large living room
Fully equipped bathrooms and a toilet.
Fully open design kitchens.
Ducted air conditioning.
Central radiator heating.
Individual hot water
In turn, the entire home equipment will be made with top brand materials. Check below images of similar properties that have been refurbished by the developer.
Antonia Mercé is a small street located in a strategic enclave of Madrid, 10 minutes walk from both the Retiro Park and the Salamanca District. It also has accesses very close to the M-30, one of the main arteries of arrival and departure from the capital.
A short walk away is the emblematic Puerta de Alcalá, the Las Ventas bullring, and the great museums of the Capital: El Prado, El Reina Sofia and the Thyssen Bornemisza Museum. A few metro stops we arrive at the center, where we will find an offer to go shopping, as well as an excellent gastronomic variety; One of the great attractions of Madrid.
The area is quiet and residential. Despite being close to a tourist center such as Retiro Park, it is beyond its influence as visitor routes pass through other streets.
In the opinion of the acting technical team, given the characteristics of the environment, the property itself, as well as the market situation and in accordance with the foreseeable supply and demand, the expectations of revaluation of the property are considered favorable and an average relocation is estimated. of it in a stable real estate cycle.
The volume of comparable real estate supply in the area is medium with a stable trend and the intensity of demand is medium with a stable trend. No speculative elements are observed.
|27.05.2020||Paid||No||29 May 2020, 01:00|
|27.08.2020||Paid||No||27 August 2020, 13:51|
|27.11.2020||Paid||No||27 November 2020, 13:47|