Botica 4
Cádiz
Funded
135.030 € (100%)
Total
135.030 €
Investing in this product involves the risk of losing some or all of the capital invested. Past or estimated returns do not guarantee future returns.
Total operation: Total investment in the project.
Mortgage: Bank financing that will be requested to carry out the project.
Total to fund: Funding requested from investors.
IRR: Return offered by the investment.
Gross rental yield: Total annual rental income from the property divided by the total cost of the operation.
Net rental yield: Investor rental return (after deducting all project costs) relative to the total operation.
Cash on Cash: Income obtained by the shareholder relative to their investment.
ROE: Net financial return for the shareholder.
Why invest in this apartment?
Competitive acquisition price
Stately building with an elevator
Apartment information
This beautiful apartment located in the historic center of Cádiz has certain features that make it quite special. For example, the large building it is in, which has an elevator, something quite hard to find in Cádiz, and is truly welcoming. The property, dating from 2015, is impeccable.
Its main features are:
- Typology: The apartment is a spacious mezzanine-level apartment in a building with an elevator, with one bedroom and one bathroom. Of course, it also has a dining room with eat-in kitchen. It is a spacious apartment, with an area of 61 square meters.
- Price: The purchase price is lower than the market price for an apartment with these characteristics in the current context. We bought at a 33% discount on the market price, which allows us to set a target sale price in line with the current market price.
- Tourist license: We have carried out the relevant study and we anticipate being able to obtain the tourist license for this property, something that could be valuable since the Cádiz City Council is trying to restrict the number of permits of this type. We consider that being able to have a tourist license could add value to the apartment at the time of a future sale.
- Demand, also for mid-term rentals: We know the city and, in our experience, apartments of this style have demand not only in vacation rental, but also in mid-term rental. The University of Cádiz alone already has more than 20,000 students and almost 3,000 employees, and this is an ideal apartment for tourists, students or young professionals.
- Condition: One of the qualities that most sets it apart from the rest is the building it is in. It is in very good condition, has an elevator and a really beautiful patio. In general it is a truly beautiful building, something quite hard to find in the city of Cádiz and which, in our opinion, guests may value positively.
- Central location. These are some of the points of interest you can find near the apartment (less than 10 minutes' walk)
- Train station 2 minutes away (200 meters).
- Plaza San Juan de Dios 4 minutes away (300 meters).
- The City Hall is 4 minutes away (300 meters).
- Port of Cádiz 7 minutes away (500 meters).
- Cádiz Cathedral 7 minutes away (500 meters).
- Santa María del Mar Beach 9 minutes' walk away (750 meters).
Especificaciones técnicas
City
Cádiz
Neighborhood
Santa María
Antigüedad
2015
Referencia Catastral
2761906QA4426b0006TF
Tipología del inmueble
Vacation Rental Property
Tipo de inversión
Vacation Rental Property
Square meters
61
Nº de habitaciones
1
No. of bathrooms
1
Gestor
Brickstarter
Promotor
Brickstarter
Historic Center
Santa María neighborhood
Very close to the beach
Documentation
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