PROPERTY FEATURES
Asking price
€ 249.000
Rent P.A.
€ 18.000
Size
180 m2
Yield
7.2 %
FOR SALE

Ernesto Anastasio 25, Valencia, Spain

Property Description

This property is located in the area of Cabanyal. The area is well known because it is close to the mediterranean sea and the port. The property has five bedrooms and two bathrooms located on the top floor in a four storey floor.

The neighborhood of El Cabanyal is known of its creative and artistic value in various ways. El Cabanyal is located right next to the sea 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 are currently not been given anymore. The central location is easily accessible by car, with a lot of parking facilities in the surrounding streets. 

INVESTMENT INFORMATION:
Asking price: € 249.000,- 
The apartment is currently not rented, the forecast of the yearly mid-term rent = € 18.000,- per year.
As mentioned above there is a permit for short-stay rent and therefore an opportunity for a higher rent income. 

Costs:

  • Town hall tax (IBI) = € 1.743,- per year
  • Home Owners Association fee = € 480,- per year
  • Total = € 2.223,- per year 
Forecast net yield mid-term rent = 6,3% per year
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