This opportunity consists in the integral reform of a 4º floor (5º Real) very luminous of 4 rooms with 123 m2, located in a regia property with hydraulic grounds in the street Ná.Poles 255Bis in Barcelona, between Provença and Rosselló streets in the thriving La Dreta de l'Eixample neighbourhood, bordering the Sagrada Familia neighbourhood very close to the Sagrada Familia and the Passeig de Sant Joan.
Its rehabilitation and later sale is foreseen in a term of 8 months considering 3 of work and 5 of commercialization.
This sunny finca has multiple orientation (both to the street and the inner courtyard), with good height and therefore, remarkably bright and quiet. That is why, having bought with 4.5% below the appraisal value (acquired for €350,000 and appraised at €366,441) the transaction is extremely attractive.
Following a Boutique strategy, we will position our property at the top of the market in terms of finishes as if it were new construction but maintaining a competitive final price of €580,000 (€4,715/m2 built compared to the current €5,087/m2 in the area). Your expected annualized return is 13.3%!
The reform that will be carried out is integral updating all the facilities and finished of the floor. We will add value by completely turning over the current distribution, locating the new living room where the rooms are today (a new distribution more appropriate to current uses). We will also relocate the bathrooms and one of them will be for private use with access from the main bedroom, we will recover the hydraulic floor and open the kitchen, as always, with a neutral carbon footprint, i.e. without environmental impact.
The privileged situation of the house, its quality, its size and final price, the scarcity of units for sale (2.76% of the total housing stock) as well as the reforms we are going to carry out, give us sufficient guarantees to be sure that we will achieve its sale quickly and at the expected price.
On this occasion we will have a Bankinter mortgage still to be signed (175,000€).
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