Store for sale in Arona, Spain - LWP7045 Apartment en Los Cristianos

Description

High profitability — Exclusive for investors in Los Cristianos. Luxury World Properties presents this investment opportunity in a central street of Los Cristianos, a strategic location close to services, shops, public transport and high-activity areas. The property is officially classified as a commercial premises, although it has currently been functionally transformed into an apartment, without this change being officially registered. Currently, the property is rented by rooms. Its 3 bedrooms are rented on a long-term basis, generating total monthly income of €1,950, which represents an estimated annual profitability of 12%. This is an opportunity especially aimed at investors looking for an asset with high profitability, stable return and cash flow from the start, without the need to look for tenants on their own. The property is functionally distributed into a living and dining area, open-plan kitchen, 3 bedrooms and 1 bathroom. A central, practical investment with active income from the very first moment. For more information about the operation, conditions and profitability, please do not hesitate to contact us. The information is not contractual. The offer is subject to errors, price changes, omissions and/or withdrawal from the market without prior notice. Luxury World Properties is a real estate agency with more than 25 years’ experience in this sector formed by a team of professional and international experts who develop a personalized and follow-up work with each of our clients. This allows us to offer a quality service, thus being able to meet our greatest objective, which is satisfy customers, finding the property that suits to their needs and guiding them throughout the process. PURCHASE COST INFORMATION: Purchase costs not included (RDL 1/2007): IGIC 7% (new build) or ITP 6.5% (resale property) + AJD 1% (Stamp Duty) in case of a purchase linked to tourist exploitation. Notary approx. €600 – €1,000, which may be higher depending on the notary, the deed, and its complexity, and Land Registry €400 – €700 (RD 1426/1989 and RD 1427/1989). Possible agency/post-sale fees depending on contracted services. In case of a mortgage, additional costs with the financial institution. Amounts are indicative and non-contractual. More info: +34 633 012 993.