This is our second project in the Ruzafa neighbourhood. Located just a few meters from the center of Valencia, the bullring and the North Station, it enjoys impressive views of the future Central Park.
The project consists of a comprehensive renovation that includes 6 three-bedroom apartments with terrace and a ground floor also designated as a residence.
The building is comercialized for the management of mid-term rentals for expats.
The project has a GBCe 4-leaf certification and a B energy efficiency rating due to the limitations imposed by the heritage authorities.
Project description
Type
Complete Rehabilitation
Dwellings
6
Ground floor
1
Constructed Areas
m2 Dwellings
689,85
Total Constructed Area
689,85
Project Data
Equity
64%
Debt
36%
Total Cost
1.953.932,77
Grants Received
115.000,00
Total Cost Euro/m2
2.665,70
Project Start Date
DEC-21
Construction End Date
MAY-23
Rental Management Date
JUN-23
Construction Months
14,96
Project Management Results
Estimated Gross Rental Income 2022
122.144,00
Estimated Net Rental Income 2022
75.895,00
Estimated Cash Flow 2022
4.373,00
Estimated Occupancy 2022
90%
Rental Price/m2 per month
14,75
Cash on Cash Gross
9,74%
Cash on Cash Net
6,05%
Gross ROI
6,64%
Net ROI
4,13%
Energy Efficiency
Energy Certificate
yes
Green Building
4 leafs
