INVESTMENT OPPORTUNITY – Local in Palma Nova
We have happy to bring to the market a nice Investment Opportunity for those looking to start or increase there current Property Portfolio.
The Investment is in a 80 sqm Local situated in Palma Nova that is currently home to a non-profit/Charity organisation in the area for the last 3 years and will continue to be in residence for the foreseeable future.
The Local currently generates €7200 per annum in rental with just €1260 in Community fees to pay, it generates just under €6000 in profit per annum.
The local is held within a sole SL company so the purchase can be done in a very tax-efficient way.
The current owner is looking for owners in the region of €125,000 which can be paid in Euros or Pound Sterling.
Get in touch should you wish to know more about this opportunity.
- ID: 4051
- Published: 22nd July 2019
- Last Update: 22nd July 2019
- Views: 8