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There is a genuine boom in tourist apartments, with new apartments every day. It is necessary to stand out, to offer a quality product and service. To have an apartment that stands out from the rest.

We have selected an apartment that, according to our analysis, meets these criteria.

Main features of "Penthouse on Bolsería"

First, as we have mentioned, it is a duplex penthouse located at Calle Bolsería 36 (almost at the corner of Plaza del Tossal).  The apartment has the following features:

1. It has two terraces: a square front one of 25 square meters and a rear one of about 8 square meters.
2. 3 bedrooms will be set up in the apartment, and it will have a maximum capacity of 8 people. (Something in high demand with little current supply, so we expect above-average income, although it is not guaranteed)
3. It has two full bathrooms, something very hard to find in El Carmen and something in high demand.
4. The building has an elevator and is completely renovated (this could make a future sale easier)

Second, it was an opportunity to buy below the market price. (It is an apartment acquired from a bank, originating from a foreclosure).

• The apartment was acquired below its valuation, which does not imply a guaranteed gain for the investor. The apartment is valued at €248,175, and it was acquired for €202,000. (The valuation was carried out by a third party)
• Regarding the uncertainty about the legal status of tourist apartments, according to our analysis, this apartment meets the requirements set out in the draft preliminary bill of the Conselleria de Turismo. (That is, this apartment would meet all the requirements demanded in the strictest scenario proposed by the Conselleria)
  • Only one dwelling per landing.
  • The dwellings located below are all tourist apartments that are already legalized.
  • All the documentation for the legalization of the property as a tourist apartment has already been submitted.

Finally, the renovation works on the apartment are almost complete, so it is planned to start operating shortly, with no guaranteed date.

Regarding the expected income for this apartment, you can consult the market study on the property's fact sheet.

Upper floor:

Lower floor:

Past or estimated returns do not guarantee future returns. Investing involves a risk of total or partial loss of the invested capital.