Sale of apartment complex in Algeciras
Description
Investment Apartment building in central location of Algeciras with 7% ROI This rare property investment opportunity is located in a sought after residential area of Algeciras, in a walking distance to supermarket (Mercadona), a 24h pharmacy, sport and recreation facilities, just a 8 minute drive from the port and very close to the A7, to go quickly wherever you need to go. The investment building expands over 3 levels and offers 11 apartments, 13 underground parking spaces and a roof top terrace with stunning views. With current rental prices in that top location of around € 9,00 per square meter we see a ROI of about 7%.
in this city where the economy revolves around its port, a vital hub in the Mediterranean, ranking first in container traffic. Algeciras has experienced rapid economic growth, driven by both the port’s expansion and its role as a logistical bridge between Europe and Africa. Industries such as chemicals, metallurgy, and a growing tourism sector contribute to the city’s prosperity.
Сharacteristics
Views
Urban, Street
Setting
Town, Close To Sea, Close To Town, Close To Shops
Kitchen
Not Fitted
Parking
Underground
Condition
New Construction
R4913167
Article numberAlgeciras
Location1100 m²
House areaYes
ParkingDescription
Investment Apartment building in central location of Algeciras with 7% ROI This rare property investment opportunity is located in a sought after residential area of Algeciras, in a walking distance to supermarket (Mercadona), a 24h pharmacy, sport and recreation facilities, just a 8 minute drive from the port and very close to the A7, to go quickly wherever you need to go. The investment building expands over 3 levels and offers 11 apartments, 13 underground parking spaces and a roof top terrace with stunning views. With current rental prices in that top location of around € 9,00 per square meter we see a ROI of about 7%.
in this city where the economy revolves around its port, a vital hub in the Mediterranean, ranking first in container traffic. Algeciras has experienced rapid economic growth, driven by both the port’s expansion and its role as a logistical bridge between Europe and Africa. Industries such as chemicals, metallurgy, and a growing tourism sector contribute to the city’s prosperity.
Сharacteristics
Views
Urban, Street
Setting
Town, Close To Sea, Close To Town, Close To Shops
Kitchen
Not Fitted
Parking
Underground
Condition
New Construction
- Agent
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Nueva Campana, 80 Nueva Andalucia 29660 Marbella Málaga, Spain
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