Premium New development

3 Bed Flat for sale

Algeciras, Cadiz, Andalucia, Spain

£121,792 *  [€140,000]

3 Bed Flat for sale

Algeciras, Cadiz, Andalucia, Spain

£121,792 *  [€140,000]

Property Details


  • Bedrooms: 3
  • Bathrooms: 2
  • Emissions: D
  • Consumption: D
  • Habitable space: 88 m2

Features


  • Elevator
  • Wardrobes cupboard
  • Furniture
  • Light
  • Water
  • Apart. Separate
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Full Description


ALCAIDESA REAL ESTATE (1%) here . HIGH-YIELD REAL ESTATE ASSET: 104 m2 DIVIDED INTO TWO UNITS. . An excellent business opportunity is now available for sale in Algeciras. This 104 m2 property is located within a well-established building and has undergone a comprehensive renovation. It has been strategically redesigned to function as two independent apartments, optimizing every square meter for the rental market.. . This configuration allows the owner to double the monthly cash flow, minimize vacancy risks, and offer a high-demand product in the local area.. . Property Breakdown. The renovation respected the building's original structure while fully updating all utilities and finishes to ensure low-cost, long-term maintenance.. . Unit A (1-Bedroom Apartment). Living Area: An open-plan space combining the living and dining rooms with functional furniture.. . Kitchen: Integrated into the living space, equipped with a gas hob, stainless steel sink, and white melamine cabinetry.. . Bedroom: A private room featuring a double bed and a large built-in wardrobe.. . Bathroom: Refurbished with a walk-in shower and easy-to-clean ceramic tiling.. . Unit B (2-Bedroom Apartment). Main Living Room: Noteworthy for its large windows, providing excellent natural light. Features smooth walls with accent colors and durable laminate flooring.. . Eat-in Kitchen: Very spacious, including a dining area. Fully equipped with a washing machine, microwave, large fridge-freezer, and dark granite countertops.. . Sleeping here . Master Bedroom: Large enough for a double bed and additional furniture.. . Second Bedroom: Single-sized, ideal for a single tenant or as a home office.. . Bathroom: Full bathroom with new fixtures and a shower with a glass enclosure.. . Strategic Investment Factors. Total Surface: 104 m2, ensuring spacious rooms and avoiding the "micro-apartment" feel.. . Condition: Move-in ready; the laminate flooring, aluminum windows, and fresh paint allow for immediate rental marketing.. . Versatility: As the building is an older, established construction, it benefits from low community fees and property taxes (IBI), significantly improving the annual net profit margin.. . Privacy: Both units share a small entrance foyer but maintain total independence through separate security doors.. . Technical Summary: A 1972 property fully modernized on the inside, designed for investors seeking a "safe-haven" asset with an estimated gross yield significantly higher than the regional average.. . ?????. . Closing costs to be paid by the here . €1,200 approx. – Notary and Land Registry fees.. 7% ITP – Property Transfer Tax (Andalusian Tax Agency).. 1% – Real Estate Agency fee..
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Map may not show exact location

This property listing (ref: ALGFin/12185) is an advertisement supplied by Inmobiliaria Alcaidesa and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.
*Based on an exchange rate of 0.8699 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.