PROPERTY FEATURES
Asking price
€ 519.000
Rental P.A.
€ 30.090
Size
200 m2
Yield
5.8 %
FOR SALE

Carrer de Joan Plaça 1Valencia, Spain

Property Description

This property is located in the heart of the city center of Valencia. Plaza Virgen, Park Turia, Mercat central or Torre Serrans are just a few minutes away by foot. The property is divided in two apartments of approximately 70 m² each and a store of approximately 34 m² on the ground floor.

The neighborhood of El Carmen is known of its high culture value in various ways. El Carmen is located right next to the Turia Park and has various of stores and restaurants.

The property is certified for touristic use which is unique in this district of the city. License for this type of use have currently not been given anymore. The central location is easily accessible by car, with a lot of parking facilities in the surrounding streets. 

INVESMENT INFORMATION:
Asking price = € 519.000,- 

The forecast yearly rent for the retail unit = € 6.000,- 
The forecast yearly rent for the two apartments based on short-stay = € 24.090,-
Total forecasted yearly rent = € 30.090,- 

Costs:

  • Town hall tax (IBI) = € 3.630,- per year
Forecast net yield = 5,1% per year
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