Building for Sale

For sale is a Spanish S.L. (a private limited company), which is the owner of 6 apartments in a small residential complex built in 1984 with a communal pool. The complex consists of 4 houses with 5 flats each, a total of 20 flats. Situated in the coastal village of Cala Ferrera, not far from the renowned Robinson Club Cala Serena and about 3km from Cala d'Or. The 6 apartments for sale are divided as follows: Ground floor: 1 flat with 2 bedrooms, 1 bathroom, kitchen, living room, balcony, approx. 82m2. 1st floor: 4 flats with 2 bedrooms each, 1 bathroom, kitchen, living room, balcony, approx. 82m2 Top floor: 1 flat with 3 bedrooms, 2 bathrooms, kitchen, living room, 2 terraces, approx. 96m2. All flats are equipped with cold/hot air conditioning. All 6 units for sale have a rental licence (apartamentos turísticos - holiday flats) with two keys each (holiday flats are divided into keys from 1 to 3 depending on the equipment and services offered). The sales price for the 6 apartments is of Euro 1.340.000, the company has to be taken over as well. Currently all flats are long-term rented, 4 of them with annual renewal of the lease, the rest have a remaining lease term of a little over one year. All flats are in a good and well-maintained condition. In addition, and following the sale of the company with the 6 residential units, there are a further 5 residential units for sale, all on the ground floor, four of them with two bedrooms and the same layout as above, one with three bedrooms. Three of these flats also have a rental licence. These 5 units can be purchased individually after the sale of the above units. Price: 2 bedroom flats Euro 215.000, three bedroom flat Euro 265.000. The residential complex is within walking distance of both Cala Ferrera and Cala Serena. An outstanding opportunity for investors.