Investment opportunity – villa as 4 separate apartments

Benissa

REF - RTB5328850

595,000 €

Description

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.

Similar Properties

Features

8 Bedrooms
4 Bathrooms
4 Kitchens
4 Living Rooms
Build Size = 374m2
Plot Size = 1080m2
Villa
4 x apartments
swimming pool
central heating
parking

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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 €

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