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Building for Sale in Ibiza

Sant Antoni de Portmany, SpainUnlock address

87%

€4.250.000

Residential investment

#11890

Value-Add, Opportunistic

2 Feb 2024

Property Details

Broker

For sale

1,200 m²

Leasable area

12

3,541 €/m²

4.40 %

0

Freehold

X

Fees

4.50 %

0.00 %

4.00 %

0.50 %

Investment Overview

Are you seeking to invest funds in the real estate market in Ibiza? This is the chance to acquire a frontline block of apartments in Ibiza from which you can assure a good return on investment as the current long-term rental market is tight and people are always looking for affordable long-term rental space. Are you, like us, a firm believer of the property market in Ibiza, then you will know that this building is ideally acquired as a longer-term investment (5-10 years) after which you most likely will see a good value appreciation. THE BUILDING 12 Apartments offering each two bedrooms, a bathroom and big terraces overlooking the sea and bay. This frontline block of apartments in Ibiza has a proven steady yearly return of 4-5% in a rapidly developing area in San Antonio, Ibiza. The building has three floors, each level offering 4 apartments. The setup of the apartments is more or less the same for each of the apartments. All of them have 2 bedrooms on the back, a separate bathroom and a living area with an open-plan kitchen which opens to a 20m2 terrace on the front side. There is an elevator in the building and each of the apartments has its own parking spot in the underground garage.