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Property for sale information

 
Seville  
Reference nr: MK697482
Description:

Exciting Commercial Opportunity in Seville, Spain

Only 59 Units Available

A large span project, planned from a modern and innovative perspective. This Business estate offers all the services, resources and comfort to project and boost your business to the highest level

A total of 100.000 new habitants will move to the area within 2 years.
Some of the other Promoters have started to build in the park.

Building time is 2 years.

The budget is made for 7 years, 2 years building and 5 years rental.

Office Units from 60 – 62 sqm2
Price €145,000

Financial Aspects

• €41,000 down payment on signing contract
• Balance on completion in 2 years time.
• Builders Mortgage in Place for the balance if needed
• Interest on Loan approx 5.1% = €5,304
• €9,100 net rental guaranteed for 5 years on completion.
• Cash Flow positive €3,296 per annum
• Administration costs annually of €500
• Guaranteed buy back in year 7 of €168,000

EDIFICIO NOVA ITALICA, a safe wager for the future of any company to make their businesses profitable.

Business activity is prospering in Seville with a special focus on the market of office space, opening new business areas in office buildings, shops and 60m2 offices, which allow an investment with immediate reassessment under good financial conditions, and therefore satisfying investor EDIF.

The Andalusian capital Seville has the most modern infrastructure in the south of Spain. You can easily reach the city from anywhere on the main highways and roads A-92, N-I, A-4 Y A-49. The train connections are excellent: the high speed train AVE connects Sevilla and Madrid, and other trains take you to Seville from any other main city in Andalucía, and furthermore the long distance train covering Madrid-Valencia- Barcelona. The international airport of Seville is situated at just 12 km from the center of the city.

The industrial estates boast newly constructed office buildings designed to cater for service for business, creating special areas for businesses where all needs are catered for, getting a building for their headquarters exclusively aimed at shops and offices. RB GRUPO PROMOTOR created EDIF. NOVA ITALICA, a project located in the town of Salteras in the business estate of Argentum, which consists of 204 shops and offices, with 392 parking places and an area of 16,931M2, surrounded by 14 blocks divisible into plots. Most of them are for tertiary and social products, with parks and gardens, wide comfortable roads inside, EDIF. NOVA ITALICA has connections with easy access from the A-66 and direct access from a future S-40.

Features:
Submission Date:
05-07-2008
Last Update:
10-01-2008
Advertiser Details:


Name:
Michael Keaney

Company:
Property Match

Phone:
+353 (0)91 700 222
Fax:
+353 (0)91 766 294
Mobile:
+353 (086)2529106

 
Property Photo Gallery

 

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Calculators

 
Property price: €145,000
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations