If you’re on the hunt for a solid investment in Pinoso, we’ve got a property that might pique your interest. It’s an entire apartment building located right in the town’s centre, giving you a few different paths to consider for generating income. You could rent out the apartments long-term, set them up for holiday lets, or even split them up and sell them one by one down the line for a potential profit. The beauty of this location is that it’s just a short walk from all the daily necessities – think cafés for your morning coffee, places to grab a bite to eat, supermarkets for your groceries, and other shops. This central spot tends to be popular with both people who live there year-round and those visiting for a break.
Details on the Apartments
The building houses three apartments, each with its own layout. We’ll break down what each one offers.
The apartment on the middle floor is the most complete. It’s ready to go, meaning you could move in or start renting it out pretty much straight away. This one measures 115 square meters. Inside, you’ll find two bedrooms and two bathrooms. It’s equipped with air conditioning and has undergone a full renovation. If you were looking to buy just this apartment, its estimated value is around €90,000.
Moving up to the top floor, this apartment is currently in a state of partial completion. This presents an opportunity for you to step in and decide on the final look and feel. It’s planned to have two bedrooms and two bathrooms. A notable feature is its own private courtyard, which adds a nice outdoor space. Once the finishing work is done, the estimated value for this apartment on its own is projected to be about €110,000.
Down on the ground floor is the largest apartment in the building. It boasts a good amount of living space and also includes a private internal courtyard. This unit is designed with three bedrooms and three bathrooms. Like the top-floor apartment, it’s partially completed, allowing the future owner to select the interior finishes. When it’s fully finished, its estimated individual selling price is anticipated to be around €130,000.
Acquisition Options
You have a couple of ways to acquire this property. The entire building, in its current state, is priced at €250,000. With this option, the middle apartment is fully done and ready for use, while the ground and top-floor apartments still need their remaining finishing work completed.
Alternatively, there’s an option for the vendor to finish the remaining apartments. If you choose this route, you can purchase the entire building as a fully completed property for €330,000. Once all the work is finished, all three apartments would be ready for immediate occupancy, could be rented out long-term, used for holiday lets, or sold individually.
Why Pinoso?
Pinoso is known for being a desirable town in the region. Having a property with this kind of flexibility in such a location is not a common occurrence. Whether you’re aiming for a ready-to-go investment, a project that could offer good returns upon completion, or a mix of both, this building offers notable value. It’s worth noting that the photos and video provided for this listing are specifically of the renovated middle-floor apartment. The other two apartments are currently in a partial state of completion and will appear different until finished.
