Perez Medina 2A

This week at Brickstarter we are delighted to present the second opportunity for the Benalúa building. This second opportunity corresponds to one of the two properties located on the second floor of the building that we will obtain after the renovation, as mentioned in our blog and in our first opportunity launched last week. 

This 80-square-meter apartment will have the same layout as the Pérez Medina 1A apartment. It will consist of 3 bedrooms, 1 bathroom, and a kitchen, with the possibility of accommodating up to 3 co-living tenants or 6 vacation rental guests. After the renovation, we will proceed with the horizontal division and the application for the tourist license as mentioned in our blog post about the Benalúa building project.

We are going to carry out a series of improvements on this property with the aim of increasing its value. These include, in addition to the aforementioned horizontal division and obtaining a license for vacation rental, a renovation to update the facilities, and an expansion of its built surface, which will decrease the price per square meter of land, resulting in an increase in the price per square meter.

Like the Pérez Medina 1A apartment, we obtained this apartment at an unbeatable price of 660 euros per square meter (around 65% below market price). Considering its strategic location just a few minutes from the old town of Alicante, where there is high demand for both co-living and vacation apartments, this opportunity becomes an excellent investment with high profitability and great potential for appreciation.

Thanks to our extensive experience in the city of Alicante, where we have several operational projects in both co-living and vacation rentals, we can estimate project profitability of over 10% (IRR). Having a solid established infrastructure, we have many management facilities for this opportunity, which allows us to estimate this profitability.

Alicante is a great tourist center that attracts many travelers and workers, making it one of the cities that are generating the most profitability for us with the projects we have in this magnificent coastal city. Don't miss this opportunity to invest in Alicante!