Details

Country

Spain

Type

Loan/debt

Sector

Real EstateCommercial Office

End date

29 June 2024
(-28 days)

investors

906

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“*NEXT OPENING: THURSDAY, MAY 30 AT16:00 HOURS (UTC+2)***Click HERE to register for the Webinar “Urbanitae up close – Campanar Apartments Project” along with Carlos Martínez Martínez, CEO of VIVIZ, and José María Gómez-Acebo and Lucas Oriol from Urbanitae, which will take place on May 28 at 17.00 hours (UTC+2)**• Rental project in Valencia• Ticket: € 3,345,000 // Term: 36 months• Average annual dividend of 7.75%• Quarterly interest paymentWe present a new project: Campanar Apartments Valencia which consists of the acquisition of an office floor for its renovation and transformation into 20 accommodations for its operation as a tourist (the already granted license is for a pension), which will be operated by a national operator, with special focus and experience in the city of Valencia, Alma Suites.The project is located in the district of Campanar in the city of Valencia, more specifically at Avenida del Maestro Rodrigo, 45. The asset is composed of twenty registered properties on the ground floor of a mixed building (residential and tertiary) with a gross leasable area (GLA) of 1,819 m².The district of Campanar, which has more than 38,000 inhabitants, is composed of four neighborhoods: Campanar, Les Tendetes, El Calvari and Sant Pau, old farmhouses dependent on the town of Campanar that were swallowed up by the growth of the city of Valencia. It is only 2.5km from the city center and a 10-minute drive from the airport. In addition, the asset is located just 900 meters from the Bioparc Valencia, one of the main tourist attractions of the city.The Urbanitae scenario is based on the contractual data signed with the operator and tenant, Alma Experience, S.L. (ALMA Suites) Regarding the purchase price, the rental price and the disinvestment price, Urbanitae has internally verified the manager’s business plan (VIVIZ) and, has contrasted it with an independent appraiser (Savills). According to the lease contract, it is estimated that the project will generate an average annual dividend of 7.75% from the end of works and the start of income accrual. The total income forecast amounts to € 4,040,173, while the estimate of the total costs for the execution of the investment corresponds to € 3,272,779.The total profitability of a project is the INCOME FORECAST minus the COST ESTIMATE, divided by the TOTAL EQUITY. As an example, in the Urbanitae scenario, the calculation would be INCOME FORECAST (€ 4,040,173) minus EXPENSE FORECAST (€ 3,272,779) divided by the TOTAL EQUITY (€ 3,345,000). The result of this quotient multiplied by 100, would be the percentage of profitability on the capital contributed in this scenario.”

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• Source: https://www.findcrowdfunding.com/en/view/urbanitae/P000286