Investment Apartments In Torremolinos For Lease

La Carihuela, Torremolinos, Malaga, España

Investment Opportunity, Leasehold

€80,000

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Property ID :

 T14314

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Rental Price: 1500 Lease Years: 5

Description

We are offering a new five year lease on all three apartments in one building for sub-letting to holiday makers.

 

Situated just off the beachfront in La Carihuela, these 3 apartments are in excellent modern condition, the equipment level and decor is excellent and the location is fantastic being close to all amenities and Malaga airport.

 

There is one studio apartment and two apartments with 2 bedrooms. The rental rates vary from 40€ per night in January, February and March to 95€ per night in July and August. Occupancy rates are as much as 95% per year.

They are all fitted with washing machines, cooking facilities, full air conditioning, heating, double glazed windows, electronic window shutters, LCD TV, Sky satellite, DVD player and all laundry and linen.

They have been let for 12 years and no advertising is done at all, all bookings come from repeat customers and recommendations.

These also come with the dedicated telephone number, e.mail address and the owner will explain the way it has been run for the past 12 years.

 

There is also a modern sports bar on the ground floor with further income potential.

 

The lease for the three apartments is 80.000€ and the lease is subject to a monthly rental and the bar is a further 20.000€ with an additional rental of 1000€ per month.

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