Apartment Complex · Algeciras

€1,100,000

Highlights

Reference
R4913167
Price
€1,100,000
Location
Algeciras
Area
Cádiz
Property Type
Apartment Complex
Bedrooms
0
Bathrooms
0
Plot Size
0 m2
Built
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.
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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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