Elda

We acquired a property located in an area where, in our opinion, there is demand for this type of accommodation.

This is a spacious property located on a first floor (95 square meters), with a rectangular floor plan, very well laid out into 4 double bedrooms with 2 bathrooms. The property has a spacious kitchen with a gallery, and a spacious living-dining room.

Although the property is in good condition, we are going to update the bathrooms, the paint, the doors and the flooring, to leave a premium finish, which could add value to the asset. We are also going to furnish it and rent it out as coliving.

The property is very well located, just 10 minutes' walk from the historic center. This property is close to our San Leandro property, which has been rented out on occasion by the month.

Currently, in our opinion, there is demand for this type of accommodation, and we already have potential guests who are interested.

The main features of the property are:

1. Price: Acquired at an average of €694 per square meter, 27% below its market price.
2. Condition: The property is in good condition and will only need an update to leave a Premium finish.
3. Type: this is a property with 4 double bedrooms, ideal for coliving. With 2 bathrooms. The property, rectangular, is perfectly laid out.
4. Versatility: Although it is an apartment that is ideal for coliving, it can also house families. In summer many similar properties are used for vacation rentals. As this would be an occasional activity, in principle a tourist license would not be needed, although the applicable regulations would have to be verified at all times.
5. 5.Lower regulatory dependence. This arrangement, in principle, would not require a tourist license, although the applicable regulations would have to be verified.
6. Potential: a property with these characteristics, updated and well managed, could offer, according to our estimates, a gross return to the end investor of close to 10%. 
7. Location: Very central, just a few minutes' walk from the city's main points of interest:

• Auditorium (public parking is located there): 3 minutes (270 meters)
• Bullring: 3 minutes (280 meters)
• Tosal Park: 10 minutes (700 meters)
• Plaza de España: from where you can take a variety of public transport and get around the whole city. 4 minutes (400 meters)
• Vithas Hospital of Alicante: 8 minutes. (650 meters)
• University Hospital: 13 minutes (950 meters)
• Historic center: 10 minutes (850 meters)
• Central Market: 11 minutes (950 meters)
• Postiguet Beach: 16 minutes. (1.3 kilometers)