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Flat - Algeciras (La Granja - La Colina - Los Pastores)
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HIGH-YIELD REAL ESTATE ASSET: 104 m² DIVIDED INTO TWO UNITS
An excellent business opportunity is now available for sale in Algeciras. This 104 m² property is located within a well-established building and has undergone a comprehensive renovation. It has been strategically redesigned to function as two independent apartments, optimizing every square meter for the rental market.
This configuration allows the owner to double the monthly cash flow, minimize vacancy risks, and offer a high-demand product in the local area.
Property Breakdown
The renovation respected the building's original structure while fully updating all utilities and finishes to ensure low-cost, long-term maintenance.
Unit A (1-Bedroom Apartment)
Living Area: An open-plan space combining the living and dining rooms with functional furniture.
Kitchen: Integrated into the living space, equipped with a gas hob, stainless steel sink, and white melamine cabinetry.
Bedroom: A private room featuring a double bed and a large built-in wardrobe.
Bathroom: Refurbished with a walk-in shower and easy-to-clean ceramic tiling.
Unit B (2-Bedroom Apartment)
Main Living Room: Noteworthy for its large windows, providing excellent natural light. Features smooth walls with accent colors and durable laminate flooring.
Eat-in Kitchen: Very spacious, including a dining area. Fully equipped with a washing machine, microwave, large fridge-freezer, and dark granite countertops.
Sleeping Area:
Master Bedroom: Large enough for a double bed and additional furniture.
Second Bedroom: Single-sized, ideal for a single tenant or as a home office.
Bathroom: Full bathroom with new fixtures and a shower with a glass enclosure.
Strategic Investment Factors
Total Surface: 104 m², ensuring spacious rooms and avoiding the micro-apartment feel.
Condition: Move-in ready; the laminate flooring, aluminum windows, and fresh paint allow for immediate rental marketing.
Versatility: As the building is an older, established construction, it benefits from low community fees and property taxes (IBI), significantly improving the annual net profit margin.
Privacy: Both units share a small entrance foyer but maintain total independence through separate security doors.
Technical Summary: A 1972 property fully modernized on the inside, designed for investors seeking a safe-haven asset with an estimated gross yield significantly higher than the regional average.
⭐⭐⭐⭐⭐
Closing costs to be paid by the buyer:
€1,200 approx. – Notary and Land Registry fees.
7% ITP – Property Transfer Tax (Andalusian Tax Agency).
1% – Real Estate Agency fee.
Property Features
- Reference ALGFin
- Type of Operation For sale
- Type of property Flat
- Zone / City La Granja - La Colina - Los Pastores / Algeciras
- Built Surface 103 m2
- Condition Ready to move and live
- Bedrooms 3
- Bathrooms 2
- Year built 1979
- Floor 2
- Orientation West
- Exterior type Interior
- Regime Libre
- Elevator
- Wardrobes
- Furniture
- Light
- Water
- Separate Apt.
Energy Efficiency Rating
| Energy Consumption kWh/m2 Year |
Consumer Kg CO2/m2 Year | |
|
1234.99
|
||
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