BUILDING WITH 13 APARTMENTS

Description

Building with 13 tourist apartments for sale in the Museo neighbourhood, in central Seville. The 736 m² property has a rooftop swimming pool and sun deck and is scheduled to open in April 2027. The investment case is based on an ADR of €132 per night and 87% occupancy, giving a variable yield of 8.10%. Alternatively, a stepped fixed yield of 6.25% is offered: 5.50% in the first year (€1,579 a month per unit), 5.75% from the third year (€1,651 a month per unit) and 6.25% from the fifth year (€1,794 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 €593,441, equivalent to a gross yield of 12.70% a year.

City

Sevilla

Built Area

736 m²

Energy rating

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