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Commercial for sale in Catral, Alicante

REF: 739128  |  Catral, Alicante  |  Updated
  • 14
  • 10
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  • Yes
  • No
  • Yes
  • Pending

560,000 €

Property Description

A HOME IN THE SUN WITH AN INCOME OR AN INVESTORS DREAM!
THIS IS A RARE OPPOTUNITY TO ACQUIRE 10 APARTMENTS WITH COMMUNAL POOLS;


4 outstanding penthouse apartments in San Isidro (2 x 1 bed and 2 x 2 bed, a 1 bedroom penthouse in Almoradi, all with exceptional private roof gardens plus 3 one bedroom apartments, a 2 bedroom Penthouse in Formentera del Segura and a lovely 2 bedroom lower Bungalow in Las Heredades. In addition to this there are 4 underground parking places and 2 storerooms and a top of the range 2015 Nissan X-Trail car for JUST €560,000 euro capital outlay (plus purchase costs), if you take over the current mortgage/overdraft of €165,000. That is for 10 apartments, 4 parking places, 2 storerooms, a car and the S.L company with long term rental contracts on all properties and the car is also rented out full time.

The properties are completely fitted out with everything you would need for full time living. They are furnished to an extremely high standard and have Spanish/English TV, Optic fibre wifi, bedding and towels, hair dryers, coffee machines! They are all contracted out giving a healthy return.
The really interesting part of this opportunity is that you do not have to buy the apartments, you just buy the Spanish Ltd company that owns the properties, (There is a total of approximately a €165,000-euro mortgage/overdraft facility outstanding to be taken over with the company, or it can be paid off when you buy the company, it´s your choice).

All of the apartments are currently rented out on long term contracts, some are due for renewal at different times of the year.

If you are looking for a great investment or if you are just looking to buy a home or a holiday home, this opportunity immediately gives you an income to pay the costs of owning a property in Spain.
You can live in one and rent the other properties for holidays and use them for yourself, friends and family when it suits you. If just for investment, then you may prefer to rent them on longer term rental as they are now, or gain a higher return on holiday lets.

See more information and pictures for all of the properties on our website; https://www.interpropertysales.com/en/rental-properties
ref; NH3001, ref; NH3002, ref; NH3003, ref; NH3004, ref; NH3005, ref; NH3006, ref;NH3007, ref;NH3008, ref;NH3009, Ref.NH3010
Plus 4 underground parking places, 2 storerooms and the 2015 Nissan X-Trail car. Note the car is also rented out at €4,200 per year.

In addition to this, there is an option to buy another 2 bed 2 bath apartment with 2 underground parking places, 2 storerooms and a separate fully equipped office, which is also rented out. All of this for just €85,000 more. The apartment and the office will bring in about €910 per month, plus the parking places and storerooms will being in another €150 per month. Total income on this is €1,060 per month. These properties could be transferred to the company at the time of purchase of the company, with a tenant ready to sign a years contract on the apartment.

EPC Pending

Disclaimer: The material within all of our marketing material has been prepared for INFORMATION purposes only. Information contained herein is not to be relied upon as a basis of any contract.

To view this and other properties, please visit our website; www.interpropertysales.com

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Contact Listing agent

Contact Listing agent

(+34) 951 242 111
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