Artigas - Llefià Block of Flats £762,953 Santa Coloma de Gramenet, Barcelona 08913

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INVESTMENT HIGHLIGHTS

Investment opportunity in profitability.
Central location with all services.

Building with multiple possibilities.
Good communications.

EXECUTIVE SUMMARY

Opportunity to purchase a group of adjoining buildings (ground floor and first floor) for profit. Two houses are currently rented on the first floor with a rent of €5,000/month. There is a project to refurbish the ground floor as a hostel with a budget of €300,000. If the project were to be carried out, the rent would be 10,000 €/month.

PROPERTY FACTS

Price	£762,953
Sale Type	Investment
Gross Rent Multiplier	14.83
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory
Apartment Style	Low-Rise
Building Class	C
Building Size	< 15,000 SF
Year Built	1920 - 1929