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 m²
First floors: Two terraces
Second floors: Upper terrace with approximately 60 m²
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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