English
  • Español
  • English
  • Русский
  • Italiano
  • Deutsch
  • Français
Building/Residential Complex - Armeñime - ID 16423
Price:
Commercial construction.

Construction of houses for later commercialization.


Construction of a residential building for its later commercialization. Cover of the growing real estate purchase demand.
Construction of a residential building with high profitability.
Location – the area of the maximum demand on rentals. Closeness to the Atlantic coast and the highway. Developed infrastructure.
Residential neighborhood ARMEÑIME, municipal district of ADEJE.

- plot area 2.110,05 m2

- maximum occupancy 100 %

- basement – the total perimeter of the plot

- surface of the transmittable roof (solarium) – the total perimeter of the plot

- maximum quantity of apartments - 33

- type of apartments - apartments of 1, 2, 3 bedrooms

- maximum floors in the building - 2 (plus the basement and solarium)

- minimum area of each apartment - 50m2 per unit.

Cost calculation for the realization of the project:

Plot price - € 1.000.000

Expenses (transmission taxes and fees) - up to € 68.000

Construction costs - € 4.268.000*
* The possibility of financing the construction by a Spanish bank is foreseen.
* Construction term stipulated from the moment of receiving the construction licenses is of 2 years.

Total amount of investment in the project is € 5.336.000

Subsequent commercialization of the apartments

Sales are starting from the very first moment of the beginning of the construction.
The stipulated time of sale is 24 months from the beginning of the construction.
Up to 60% financing with Spanish bank mortgage.
Profitability - 37%.

Constitution of rents of a residential building.

Annual profitability of the money invested - 4.8%.

Average monthly price of the lease for an apartment in the area:

1 bedroom - € 500;

2 bedrooms - € 700;

3 bedrooms - € 750.

Property details
  • Special offer: Exclusive
  • Type: Building/Residential Complex
  • Property type: New construction
  • Locality: Adeje, Armeñime
  • Current situation: On sale
Characteristics
Location
Updated 18/03/2020 17:28
Assigned Agent
Svetlana Efremova
Directora