PROPERTY FEATURES
Asking price
€ 221.057
Rent P.A.
€ 6.400
Size
88 m2
Yield
2.9 %
FOR SALE

, Los Alcazares, Spain

Property Description

Property situated in los Alcazares in the Costa Cálida region. A flat with 3 bedrooms and 2 bathrooms. Unique aspects of this property in los Alcazares include a harbour on walking distance, parking place, communal swimming pool. The flat is 88m² and has a balcony of 20m². 

Investment Information:
Asking price: € 194.250,- 
The forecasted the yearly rental income is: € 7.800,-
The forecasted gross yield is: 4,02% 

The Forecasted rent is carefully calculated by the local broker according to the local rental market. The short term, high season rent is estimated to be   950,-  a month and the mid/long term  low season is estimated to be  500,- a month. The yearly Forecast is made up from 4 months high season rental income and 8 months of low season rental income. 

Los Alcazares
Taste the real Spanish atmosphere in this beautiful typical seaside resort situated on the 5 kilometres long promenade at the Mar Menor. The name of Los Alcázares comes from the Arabic Al-Kazar, which means castle. The Arabs already used Los Alcázares as a summer residence. In the late 19th century, the area became a popular holiday destination for the Spanish. Many bathing houses, built of wood with long decks that run into the sea, date from this time. Today, the municipality has more than 15,000 permanent residents. This number is considerably higher in the summer months when Spaniards from the cities of Cartagena and Murcia move into their summer residences.

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