Condominium buy in San Antonio Abad Balearic Islands

This magnificent seafront building is situated in one of the most unique and tranquil settings of San Antonio and located only a 20 minute drive from the airport.. 12 super front line apartments in San Antonio Project comprises of the acquisition of 12 apartments and 12 parking spaces on the Island of Ibiza. however, Each apartment has 2 bedrooms, a bathroom, an American kitchen and a large terrace The key value of the asset is in the ability to generate a steady yearly return of -5%. Long-term rental demand is very high in Ibiza, especially on this location which is the A-Location for workers in San Antonio. Currently, apartments are being rented out at an average of 1.400, but there is an upwards potential to 1.800 average per month (see 'Financials'). Since 2 years, the area has been seeing an upward trend in terms of development and facilities. Just steps away, you'll find Taylor Wimpey developing 68 frontline apartments & OKU Ibiza launched a 5-star hotel. A trend, set to continue. Around the corner, you will find the first Michelin-star restaurant on the island, Es Tragon. 12 first-line apartments (Entire Building) - Including 12 parking spots (underground) - All apartments are -55m2 wth 2 bedrooms, 1 bathroom, open-plan kitchen and a well sized terrace of -22m2. - 20 Mins to the airport / Summer 30 mins - Residential Area - 10-Minute Walking Distance to Popular Cafe del Mar and Mambo - Playasol is investing EUR 40M - Asking Price: EUR 4.600.000 - Current Yield: 4,41% > Potential Yield: 6%. - Optional leasehold of the restaurant/bar located on the ground floor of the building. Type: Apartments for Sale Price: €4,600,000 Bed Rooms: 2 Area: 55m2 Bathrooms: 1 Property ID: S. Antonio - apart- 110