Proposed BUILDING in Valencia in the prestigious area close to the popular Park of TURIA,

The building has 5 floors with two apartments per floor. The building is built on a plot of 168 m . General building 1036 m.

8 apartments in an ordinary average of 81 sq. m. + 2 apartment top floor with terrace of 90 sqm, two retail units at 120 sq. ft. roughly.

Apartments with three and two bedrooms, with one or two bathrooms. All apartments in need of repair.

Building with Elevator.

Sale price 1 000 000 euros.

The purchase costs of the building :

The cost of 1 000 000 euros

Tax is 10% of 100 000 euros

Real estate Agency 3% + 21% VAT 30000 + 6300 = 36 300 euros

Miscellaneous ( Notary, Register, Bank, Insurance ) 3000 Euro

Repair of apartments roughly 80,000 euros

Repair of commercial premises roughly 30,000 euros

A TOTAL of 1 249 300 euros

In the resale of this property :

8 apartments for 125 000 € = 1 000 000 Euro

2 luxury villas for 160 000 € 320 000 €

2 Commercial premises 150,000 = 300,000 euros

TOTAL : Revenue from Sales 1 620 000 euros.

Income from the difference of purchase and Sale of 370 700 euros.

If further lease of this facility : ( if long term lease )

Rent of commercial premises of 700 euros per month = 1400 euros per month.

8 apartments for € 600 = 4800 euros

2 luxury villas for 800 Euro = 1600 Euro

TOTAL : 7800 euros per month – 93600 per year.

The profitability of 7 – 7. 5% per annum.