Studio Of 85 M² In San Juan, Alicante, Spain

Financial Details and Annual Expenses

Detailed financial information regarding the property’s performance is available upon request. The annual expenses associated with the property are notably low. The community fees amount to €30 per month. The property tax (IBI) is €162 annually, and the refuse collection fee (Basuras) is €59 per year.

Key Advantages for Investors

For investors, this property offers several significant advantages. Firstly, it provides immediate cash flow, as the studios are already rented out to reliable tenants. This means income generation begins from the day the sale is finalized.

Secondly, there are considerable cost savings to be made. By acquiring three rental units under a single deed, investors benefit from reduced taxes. This includes a single property transfer tax (ITP) payment and a single property tax (IBI) assessment for the entire property, rather than for three separate entities.

Furthermore, the property management is designed to be hassle-free. The purchase includes an optional management service for the first year. This service can assist with tenant relations and administrative tasks. The process also includes the transfer of utility contracts to the new owner’s name, simplifying the transition.