BUILDING WITH 6 APARTMENTS

Description

Building with 6 tourist apartments for sale at Calle San Pedro Mártir 6, in the Magdalena neighbourhood, right in the centre of Seville. The 453 m² property has a rooftop swimming pool and sun deck and is scheduled to open in December 2026. The investment case is based on an ADR of €131 per night and 83% occupancy, giving a variable yield of 7.50%. Alternatively, a stepped fixed yield of 6.50% is offered: 5.50% in the first year (€1,604 a month per unit), 6.00% from the third year (€1,750 a month per unit) and 6.50% from the fifth year (€1,895 a month per unit). The lease will be signed at completion of the purchase, with a rent-free period limited to the expected time to finish the works, so the start of rent collection is not tied to full completion; the term is 10 years with 2 binding years. The yield calculation includes all costs associated with the property, such as utilities, insurance, maintenance, cleaning, laundry, management and the commissions of platforms such as Booking.com and Airbnb. The asset generates estimated annual revenue of €249,160, equivalent to a gross yield of 11.80% a year.

City

Sevilla

Built Area

453 m²

Energy rating

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