The building on Turia Street is a property with 10 three-bedroom apartments, each with a terrace, 6 parking spaces, and a communal terrace. Located adjacent to Valencia’s botanical garden, the views from the apartments provide a sense of being outside of the city.
Situated between Plaza de España and El Carmen neighbourhood, the location is ideal for tenants seeking the tranquility of the botanical gardens neighborhood while still enjoying the proximity to the city center.
It also features energy efficiency measures and a photovoltaic panel installation that provides green electricity to the community. As part of the IRTA plan, it has been nominated for €136,000 in non-refundable subsidies for building rehabilitation.
This project has been awarded an energy efficiency rating of B and a 3-leaf GBCe certification.
Project description
Type
Comprehensive Rehabilitation - Rent
Dwellings
10 dwellings
Ground floor
1 commercial ground floor
Constructed Areas
m2 Dwellings
1.183,71
m2 Ground floor
40,06
m2 Garages and Storage Rooms
214,06
m2 Garden Areas
176,90
Total Constructed Area
1.437,83
Project Data
Equity
63%
Debt
37%
Total Cost Euro/m2
2.046,93
Project Start Date
may-19
Construction End Date
november-20
Rental Management Date
april-21
Construction Months
18,08
Years in Operation
1,75
Project Management Results
Occupancy 2022
99%
Cash on Cash Gross
10,19%
Cash on Cash Net
5,98%
Gross ROI
6,47%
Net ROI
3,80%
Energy Efficiency
Energy Certificate
B
Green Building
3 Leaves
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