BUILDING WITH 8 APARTMENTS

Description

Building with 8 tourist apartments for sale at Calle Hita del Castillo 7, in the San Juan de la Palma neighbourhood, next to Calle Feria, in central Seville. The 507 m² property is arranged around an inner courtyard and is scheduled to open in March 2027. The investment case is based on an ADR of €130 per night and 79% occupancy, giving a variable yield of 7.70%. Alternatively, a stepped fixed yield of 6.50% is offered: 5.50% in the first year (€1,432 a month per unit), 6.00% from the third year (€1,562 a month per unit) and 6.50% from the fifth year (€1,692 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; 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 €313,789, equivalent to a gross yield of 12.55% a year.

City

Sevilla

Built Area

507 m²

Energy rating

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