Apartment Complex in Algeciras

€ 1,100,000
Algeciras, Cádiz

Overview

Reference: R4913167
  • 0
  • Bedrooms
  • 0
  • Bathrooms
  • 1100m2
  • Built size
  • 0 m2
  • Plot size
  • 0 m2
  • Terras

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.



Features

Setting
  Town
  Close To Shops
  Close To Sea
  Close To Town

Condition
  New Construction

Views
  Urban
  Street

Kitchen
  Not Fitted

Parking
  Underground

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