- Expected: 16.36% Annual returns
- 12 months duration
- Acquisition, renovation and sale of 4 aparments, 50 square meters each
- Expected sales price is 33% lower than average price in the area:
- Unbeatable location in Blanes (Girona), Spain.
- Project by Inveslar
The money will be used for a purchase, renovation and subsequent sale of 4 apartments, with two terraces on the upper floor and common areas. There will be a comprehensive reform of the interior of the building to adapt it with high-quality materials. All apartments are two-room with a bathroom with shower, open kitchen-dining room, large windows that provide good light. The terraces are located above the adjoining buildings, which gives privileged views of the neighbourhood. Located in the centre of the City, on the Rambla where the municipal market is installed. Location: Costa Brava, Blanes (Girona), Passeig de Sale profitability: 16.36%. Repayment: when apartments will be sold. Current annualized rent: 7.17%, Annualized holiday rent: 8.67%.
Area price comparisons (Sale)
Average square meter price in the area 3000 Euros/Sq.M vs this property 2000 Euros/Sq. M
The borrower is Inveslar, Urban investors, whose owner and management are engaged in real estate projects in Catalunia, Spain and its regions. The developer has completed 3 Million Euros worth of projects in last 3 years, with 0 default rate and 0 late loans. Developer's legal entintity has over 1.000.000 Euros in net assets.