There are two buildings in Valencia.

One is located in the beach area ul Cavite and other St. Gaspar Aguilar.

Both buildings belong to the Bank

Sold together , this is the main condition of the sale.

Year built 2008

The price of two buildings of 2 000 000 euros, you Can make an offer to reduce the price.

In the building on ul Cavite for Sale 10 apartments and 11 garages ( in Total 18 apartments )

In the building on St. Gaspar Aguilar sold by 10 apartments and 6 garages. ( only 14 apartments )

All the apartments are rented. Rental contracts end in 2017, 2018,

Rental income is approximately € 9,000 per month . If you calculate the annual tax and utility costs,

INCOME is approximately 7160 euros per month.

Net rental Income of 86,000 euros.

The purchase costs of this facility :

The Bank can approve the offer at 1800000 euros

The 10% tax when buying - 180000 Euro

Real estate Agency 3 % +VAT 21 % - 54000 + 11340 = 65340 Euro

Notary 2500 EUR

Register up to 10,000 euros

Total : 2 058 000 euros.

When the sale of apartments :

20 apartments for 130000 euros roughly ( Atik more expensive ) = 2 600 000 Euro.

17 garages at roughly 15,000 euros = 255 000 Euro.

TOTAL Revenue will be 2 855 000 euros.

Total income 2 855 000 – 2 058 000 = 797000 Euro

21% tax: 167370 Euro

Net profit from the transaction : 629630 euros.

Time for sale roughly 24 months. Profitability to 30% in two years.