Four bedroom townhouse investment for sale in Marina Alta

This property is marketed by:
Derelict To Dream

€27,636 per fraction

Maximum investment - €110,544

Expected rental yield - 22.6%

Holding period - 5 years

Property Details

Number 3 has 180m2 of living space distributed over 3 floors, great views of the village and the surrounding countryside from a rooftop terrace and a 24m2 private garden. It is being superbly renovated to provide 4 double bedrooms, all with an en-suite shower room - complete with generous walk in shower, toilet and basin. The ground floor is open plan and combines a brand new kitchen, dining room with table and seating for eight people, and a sumptuous living room with pellet-burning stove and hot & cold air conditioning unit. Each bedroom also has its own hot & cold air conditioning unit. There is a downstairs toilet off the living room. The garden has a barbecue and pizza area, with outdoor seating for dining. Along with a beautiful, wood-fueled, sauna

Amenities

The village has a 25m open air swimming pool, padel and basketball courts, along with a ping pong table. Set within a picturesque mountain range, there are endless hiking, mountain biking and climbing opportunities. Along with fantastic road cycling and the option to follow stage 8 of the 2023 La Vuelta. One of the five cafe/restaurants is owned and catered by a Michelin star chef.

Key Information

Property tenure - Freehold

Expected yearly rent from serviced accommodation - €176,400

Expected yearly expenses - €125,280

Expected Expenses Breakdown

Rental management €31,320

Short term rental costs - €83,280

Refurbishment fund - €5,880

Insurance - €1,800

SPV admin - €3,000

About Us

Having realised money is safer. - and works harder - in property than in a bank, we bought our first Spanish property

Looking at many (not) key-ready options, and working out the cost of renovation on top, we decided to turn a (significantly cheaper) derelict ruin into our dream property, to use as serviced accommodation for our wellbeing holiday business. Last year we completed on four properties.