Space For sale in Torrevieja 808 m2 - COM21514F4E30

A rare investment opportunity! Lot of residential and commercial units in a house built in 2007. The package offer consists of 7 flats (1 and 2 rooms, area from 41 to 59 square meters), and 2 commercial premises (200 and 175 square meters). The house is completed, commissioned. Located 300 meters from the sea. Premises and flats require minor cosmetic repairs not exceeding 45 thousand EUR.

Options for investment

1. Purchase with subsequent resale.

• required investment - 45 000 euros

• lot price - 490 000 euros

• Revenues from the sale of all items - 720 000 euros

• profit - 185 000 euros or 37%

2. Buying and renting out

• necessary investments - 45 000 euros

• value of lots - 490 000 euros

• Rental income for all of the lots per year - 54 000 euros, or 11% p.a.

Detailed information and a business plan will be provided to the interested party upon completion of the investor’s questionnaire.