Description
A whole building of 290M2 for sale ~ ~ Price. 1,000,000€ ~ ~ Actual rents per year : 84,000€ ~ Actual Yearly bruto Yield : 7%~ The building is completely refurbished and operative, with high yield rentals model. ~ The building has 6 floors (ground + 5) of 44M2 each one.~ Ground floor and first floor are not yet refurbished; Plans and project have been done already.~ 4 floors (apartments) are refurbished and divided into 2 studios per floor (per apartment), of 18 M2 with private bathrooms, big closet, table, refrigerator and a balcony.~ There is a shared kitchen for 2 studios, ~ Total of 8 studios on 4 floors. ~ At the rooftop there is a common shared area with tables and chairs and a laundry area with a bathroom~ The studios are rented 100% of the year with a midterms rental model, mainly to students, or any kind of young people, single or couples mainly foreigners of 20 to 35 years of age. ~ The rental model is very successful; it provides opportunity for a reachable rental of a room/studio with the independency and privacy, along with free services and features as free high speed Wi-Fi all over the building, common chill out area at the rooftop, and cleaning 3 times a week in public areas.~ All in a high demanded central location in the old city, Raval, 5 minutes walk to Las Ramblas, just near the Boqueria Market, Metro and bus stations.~ There are 2 floors yet to be refurbished into apartments (not 2 studios, but whole 1 bedroom apartment per floor). The project is already done. (at the moment they are in use as a storage) ~ The building had been completely refurbished during 2013 and 2014, and been through constant and caring maintenance regularly since then; it is in a perfect state.~ The building is ran by a management company, management price is 10% of rents ~ ~ ~
