Description

Investment Offer

We are pleased to present a unique investment offer right in the heart of Alicante, on the most expensive street in the city. We invite you to take advantage of the opportunity to acquire a building with an area of approximately 273 m² (on each of the 4 floors and a ground floor premises), intended for demolition and construction. A total of 1419 m².

Offer Details:

• Location: Central Alicante, the most expensive street in the city.
• Building Permit: There is a permit to build 20 tourist apartments, each with an area of at least 50 m², and commercial space on the ground floor.
• Apartments: Each apartment generates an annual profit of at least 30,000 euros (income of 45,000 euros). This is a prestigious district of Alicante.
• Commercial Space: The ground floor commercial space with an area of 273 m², once built, has a minimum value ranging from 4,500,000 to 6,000,000 euros (rent from 25,000 to 30,000 euros monthly).
• Surroundings: The commercial space opposite was recently sold for 6 million euros.

Finances:

• Purchase Price: 2,900,000 euros.
• Construction Cost: 1,500,000 euros (after purchase).
• Return on Investment: After construction is completed, the sale of the commercial premises covers all invested funds, leaving 20 tourist apartments that generate annually from 600,000 to 700,000 euros.
• Investment Attractiveness: It is important to note that new tourist licenses are no longer being granted in Alicante, making this offer particularly attractive. The demand for tourist rentals and this type of apartment is enormous, guaranteeing high income and investment stability. The building permit has already been issued by the municipality. All the above information can be verified by a lawyer chosen by the client.

Additional Information:

For rental income of 30,000 euros or more, we always refer to tourist apartments that have the appropriate license. However, it is worth noting that currently most residential communities prohibit this type of activity, making it very difficult, if not impossible, to purchase a single apartment in a good location in Alicante and obtain such a license.

The situation is different in the case of entire buildings, where the owner can decide according to their discretion.

In this specific case, because it is an entire building, the license is legal and moreover, has already been granted along with the approved project. The building can be purchased, and construction started within a month.

On the other hand, Alicante is undergoing a tourist transformation, whose development is accelerating steadily, and prices in the city are constantly rising.

Already in 2020, amounts exceeding even 30,000 euros per month were achieved: Link to article

However, this trend continues to grow: Link to article

In fact, airlines are offering more connections and increasing their offers due to growing demand: Link to article Link to article

And it is expected that this trend will continue.

Something very important to consider: The building is located literally on the street most desired by tourists in Alicante, in the city center. The commercial space on the ground floor has a value of at least 3.5 million euros (upon completion), and 20 apartments no less than 300,000 euros each (although they usually sell for a higher price). 3.5 million euros is in a pessimistic scenario. Location is of great importance. In fact, the commercial space opposite was sold for 6 million euros, with a similar arrangement because no one on this street sells or lists offers for sale.

Moreover, Alicante as a city does not experience a seasonal drop in tourism. It attracts tourists all year round, and although May to October is the main season, unlike coastal towns, Alicante continues to host thousands of tourists in the autumn and winter. Latest data from two weeks ago indicate that hotel prices in Alicante have risen by 23% compared to the previous summer, and due to demand, tourist apartment prices have also risen. This can be easily checked on Booking or similar platforms: Link to article