A fantastic opportunity for an investor.
Here we have a detached villa in an established urbanisation in Benissa Costa. The property is unique in that it is divided into 4 separate and independent apartments (although currently 2 are connected by stairs).
Each apartment has it’s own entrance, bathroom , kitchen, lounge, etc, and they could easily be rented on mid-term contracts. Based on our knowledge of the rentals market they would average at 700€ per month each + bills.
It also benefits from gas central heating, air conditioning in the main rooms and partial double glazing. Although a traditional villa the property has been well maintained and updated over the years.
The property has 2 driveways, one at the rear and one at the front, and as such there is plenty of off-street parking. The house has a swimming pool, terracing and an outside bar.
This property creates a unique opportunity as a full investment or a live-in investment such as a B&B.
FINANCIAL BREAKDOWN
12 MONTH RENTAL CONTRACT
- INITIAL DEPOSIT OF 50,000 €
- MONTHLY RENTAL PAYMENTS OF 2,000 €
- FINAL PURCHASE PAYMENT 521,000 €
24 MONTH RENTAL CONTRACT
- INITIAL DEPOSIT OF 50,000 €
- MONTHLY RENTAL PAYMENTS OF 2,000 €
- FINAL PURCHASE PAYMENT 497,000 €