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ALCUDIA - Holiday - apartment complex right on the beach on bank recovery Featured

  • Price: 1.200.000,-
  • Currency:
  • Reference: 184
  • Type: Investment
  • Place: Alcudia
  • Area: Bacares
  • Land m²: 582
  • Living area: 1.080
  • Built up area: 1.250
4.1 Assessment of the project.
The proposed project rehabilitated for residential purposes, the existing tourist homes to correspond with 6 apartments, two per floor. On the ground floor, 6 parking spaces and a shop füt Hospitality or sale.
Most apartment should be completed with 2 or 3 bedrooms, the plan allows only apartments over 90 m2 for the conversion of the building.
It seems hard to develop a product for the first residential area, but the location is excellent for the development of housing for second home or rental market in the summer.
The quality is medium-high as the prime location of the property, the price should fit.

One parking space per apartment, not the difficulty of parking in the area, but a quality point more.

4.2 Cost and Price of sale
2-3 bedrooms
Surfaces between 110 and 150 m2
The sales prices from 375,000 to 550,000 € (about 3300-3800 € / m2)

Plot: 582 m2 (from the cadastral record).
Building area: 1,080.28 m2
Number of apartments: 6 Apartment / (Data from the project)
Number of Garage: 6 Garages / (Data from the project)
1 Local / (Data from the project)

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