Suarez Ático Dúplex

It has been almost 2 years since the publication of our last opportunity in Cadiz "San Telmo 3". Prices in Cadiz have skyrocketed, and we are in the process of divesting the Cadiz capital.

So what are the features of this attic?

As you know, we invested in Suárez 1 and Suárez 2, properties that we selected for their location, condition and price. These properties are located in the same building as this new opportunity Suárez Duplex Attic.

Since it is a small community of neighbors, we had the opportunity to acquire the attic (duplex), which was in a state of ruin, and reached an agreement with the community to include in the deed of sale the agreement on the private use of the terrace.

The state of the property was such that we have been forced to replace much of the roof of the terrace, a long and tedious renovation, which is why we did not want to publish the opportunity until now, when it is in the last phase of the renovation.

The renovation has been designed to make the most of the potential of this property, which will have an unusual typology.

We have been able to promote this opportunity after many negotiations with the rest of the community of neighbors, as owners of 2 more houses in the block.

Features of Suárez Duplex Attic

1. Acquisition price: Due to the condition of the property, we have acquired it at a price below market, with an estimated saving of almost 68% compared to the market price according to our analysis. It must be taken into account that the price per square meter in Cadiz has shot up to over €3,000. We acquired this property at €1,000 per square meter.
2. Market knowledge: We have known the Cadiz market since 2019, where we have promoted 17 opportunities, of which we have already sold 11. Of all of them, 2 were attics. According to our analysis, duplex attics are properties with demand among tourists.
3. Estimated return: A return is estimated for a fully renovated property, with a typology and in an area with tourist demand, and with an expected future sale price below the current market price. This estimate is not guaranteed.
4. Expected opening: This is a complicated transaction that has dragged on for a long time. The project was in its final stretch at the time of writing.
5. Distinctive features: Beyond any economic data, this is an unusual property by type and location. A duplex attic with private terrace in the historic center of Cadiz may be attractive to a future owner.