The building on Huertos Street in The Carmen neighborhood in Valencia is our first build-to-rent project certified by GBCe (Green Building Council Spain). Located in Na Jordana square in Valencia, it is outside the ancient walls of Valencia’s old quarter.
The new building is composed of 9 apartments with 1, 2, and 3 bedrooms. Most of the apartments are duplex style, dividing the day and night zones.
The building has been awarded the GBCe 4-leaf certificate and a B energy efficiency rating.The building’s architecture,perfectly integrates among the historic buildings that surround it.
This project is dedicated to the management of medium-term rentals for professional displaced workers
Type
New build to Rent
Dwellings
9
Constructed Areas
m2 Dwellings
773,89
Total Constructed Area
773,89
Project Data
Equity
44%
Debt
56%
Total Cost
1.107.062,31
Total Cost Euro/m2
2.299,07
Project Start Date
FEB-18
Construction End Date
JAN-20
Rental Management Date
MAY-20
Sale Date
JUN-21
Construction Months
22,98
Project Management Results
Gross Rental Income 2022
134.316,08
Net Rental Income 2022
70.383,20
Cash Flow 2022
70.383,20
Occupancy 2022
94%
Rental Price/m2 per month
14,46
Cash on Cash Gross
17,15%
Cash on Cash Net
8,99%
Gross ROI
7,55%
Net ROI
3,96%
Project Sale Results
Sale Euro/m2 Constructed Area
2.771,71
Cash on Cash
273,87%
Gross ROI (based on Cash Flow)
76,54%
Net ROI (based on Profit)
20,56%
Amortization Years
1,37
Energy Efficiency
Energy Certificate
B
Green Building
2 LEAVES