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Apartment in Gran Alacant (Urb: Mediterraneo) - €119,500

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Description

 

Top floor corner apartment with rentals booked to be included. 2 beds, 1 bath, solarium, fully furnished, white goods, great views, close to the beach, close to all amenities, Within a gated community, communal pools, tennis courts and private parking. The business has been running successfully of the past few years and a brief outline of the rentals are as follows: 2010. Rentals started on 15th February and ran until 29th October. 21 bookings. During this time 26 weeks were occupied and returned a revenue of 9324 euros. This property commands a 500 euro weekly rate peak season (July & August) Low Season rate is 220 euros per week. There are economical panel wall heaters in the lounge and both bedrooms. 2011 to date. Rentals started on 18th February and currently run until 5th September. (September and October available for late bookings- possibly 2500 - 3000 euros worth) 14 bookings to date. We have 18 weeks already booked, which returns 6948 euros. Return bookings represent 25% This business comes with ready-made web-site, 30+ reviews (which is your main marketing tool), fully furnished, including all the bedding / towels. At 125,000 this gave a 7.46 % return last year, and is currently 5.6 % with 2 months to fill !! As you can see from the information supplied that if you had invested the same amount in a bank the average return would be 3-4% this investment gives you a return of aprox 5-7%.

                                                                                                                            
Price€119,500
Property Type Apartment
Beds2
Baths1
Year Built2003
TownGran Alacant
UrbanisationMediterraneo
ProvinceAlicante
On Community? Yes
Corner Plot? Yes
Distance to beach Less than 2km
Orientation Northeast
Energy ratingIn process

Plot and Build Dimensions

                                       
Total size of construction60 m2
Utilised size50 m2
Plot size0 m2
Garden size0 m2

Features

                                                                               
Sotano (Basement)?
Solarium?
Furnished?
White Goods?
A/C?
Heating?
Community Pool?
Private Pool?