Perez Medina 2B

From Brickstarter, this week we are going to introduce you to the next opportunity in the Benalúa building. Over the last two weeks, we have presented the Pérez Medina 1A and Pérez Medina 2A apartments, and now we bring you the 2B apartment. This is the third opportunity we present for this project, corresponding to the second apartment located on the second floor, just like the opportunity presented two weeks ago.

As you already know, each floor of the building will be divided into 2 apartments of 80 square meters. After the renovation, this apartment, just like the Pérez Medina 2A apartment, will have 3 bedrooms, 1 bathroom, and a kitchen, which will allow us to accommodate 3 co-living tenants or up to 6 vacation guests. Like the projects mentioned in the last few weeks, we will proceed with a horizontal division and the necessary procedures for obtaining a tourist license for this project.

As mentioned in the blog and in previous opportunities, improvements will be made to this property to increase its value, such as updating its facilities through renovation and expanding its built area to reduce the cost per square meter, which will be around 660 euros per square meter, (about 65% below market price). Additionally, the aforementioned procedures of horizontal division and obtaining a tourist license will also be carried out.

The excellent location of the Benalúa building, just a few minutes away from the historic center of Alicante where there is a high demand for tourist apartments and co-living flats, makes this project an exceptional investment opportunity.

As we mentioned in the Pérez Medina 1A and Pérez Medina 2A projects, we have extensive experience in management, operation, and market knowledge in Alicante. This allows us to estimate with good precision a profitability for this apartment above 10% (IRR). Currently managing 5 co-living apartments and an extensive network of vacation apartments in the city, we have a solid infrastructure already established, which gives us a stronger position in our profitability estimates.

Alicante is a significant tourist city that receives a large number of visitors and professionals, making it one of the most lucrative areas for our projects in this beautiful coastal city. Seize this opportunity to achieve excellent profitability in the city of Alicante!