San Agustín II

Project description

We found a good investment opportunity in a lot of properties sold by the bank in a highly sought-after residential area of Palma. It consisted of 2 ground floor flats with private garden each and 4 parking spaces. The finca was only 12 years old, so its appearance was quite modern. We knew that our buyers would most likely be foreigners - English, Swedish or German - as they are the ones who demand St. Augustine the most.
Description: The project consisted of re-dividing the dwellings into 2 units and carrying out a complete refurbishment.
Type: Purchase of bank lot of 2 dwellings (unified) and 4 parking spaces.
Profitability after tax: 32%
Total investment cost: 295.000€
Total investment term: 14 months
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Textos Legales

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Legal texts