Building for Sale

For sale is the company owning a residential complex in Sa Pobla, consisting of 14 apartments, 14 storage rooms, and 14 parking spaces. These properties are under a special rental regime for 25 years, classified as VPO (officially protected housing) since March 2012, thIs designated exclusively for rental purposes.

Financial Details

Monthly Subsidy: The Ministry of Development subsidizes each apartment with 397.30 per month, totaling 5,562.34 monthly for all 14 apartments, for the remaining 160 installments.
Mortgage: From an initial mortgage of 1,160,201.81, the Ministry covers 928,917.46, leaving a balance of approximately 279,477.55 to be paid by Mirtia Desarrollos S.L.
Sale Price: The total price for the apartments is 1,750,000, plus the subrogation of the subsidized loan from the Ministry of Housing amounting to 928,917.46.

Current Status

All apartments are currently rented, generating an average monthly income of 6,000. The location is strategic, providing services to nearby towns such as Alcudia, Muro, and Pollensa.

Distribution and Features of the Apartments

Ground Floor: Apartments No. 3, 4, 8, 10, and 15.
First Floor: Apartments No. 16, 24, 25, 26, and 31.
Second Floor: Apartments No. 39, 40, 45, and 47.
Each apartment includes a garage and a storage room.

The apartments are equipped with:

Armored door
Air conditioning (hot/cold)
Two double bedrooms and two bathrooms (some with three bedrooms and two bathrooms)
Terraces:
Ground floors: 10 m
First floors: Two terraces
Second floors: Upper terrace with approximately 60 m
Kitchens equipped with Teka brand appliances (washing machine, boiler, extractor hood, dishwasher, oven, ceramic hob, and refrigerator)
Location
The property is located just 0.5 km from the Palma-Alcudia highway, at the entrance to the village of Sa Pobla, with a hospital and supermarket only 20 meters away.

This is an excellent investment opportunity with guaranteed income and government subsidies. For more information or to arrange a visit, please do not hesitate to contact us.
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