Apartment Complex in Algeciras
Property Highlights
Reference
R4913167
Price
€1,100,000
Location
Algeciras
Area
Cádiz
Property Type
Apartment Complex
Bedrooms
Bathrooms
0
Plot Size
0 m2
Built Size
1100 m2
Terrace
0 m2
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.
Setting
Town
Close To Shops
Close To Sea
Close To Town
Condition
New Construction
Views
Urban
Street
Kitchen
Not Fitted
Parking
Underground
Community Fees: €0 / monthly
Basura Tax: €0 / annually
IBI Fees: €0 / annually
