Property Description

Unique Project.

Great investment package of ten one-bedroom units already rented for 1.000€ per month.10 units for sale at 2.450.000€. There is the option to buy it with all the apartments already rented.In Santa Eularia de Riu we have 13 apartments and one penthouse for sale. The building is located just a few steps from one of the most commercial streets of the city center and the sea.The one-bedroom apartments consists of a living/dining room with kitchen, an en-suite bedroom and a balcony with mountain view.The apartments include a private parking.This apartments are a stable investment with a yearly rental income between €15,000.- and €18,000.-. This means that you can achieve a 5-6% return on investment. In case you apply for a mortgage up to 70% you can achieve a return on investment of over 15%.Description one-bedroom apartment: 14 Todmorden is very convenient located just a few steps away from the Santa Eularia Boulevard, the beach and from the vibrant city center of Santa Eulària, with a variety of little shops and fancy restaurants. In and around Santa Eularia are many beaches like Niu Blau, Cala Nova, Cala Llonga with cozy beach clubs like Aiyanna, Atzaro Beach and Amante. Ibiza town is only a 15-minute drive and the airport is 20 minutes away. There is the main entrance to enter the building, which is in a very good condition and well maintained. There is the ground floor and first floor, which you can reach also by elevator. The one-bedroom apartments consist of an open plan living/dining room and the kitchen, the bedroom with bathroom en-suite and all have a private balcony with nice views. A perfect spot if you are looking for a holiday apartment or to live all year in a wonderful area which is open 365-days! As well it can be an investment opportunity, these apartments will guarantee a good return on investment by renting them out long term or seasonally.

Property Location