VIP Sea Park in Eilat

Name: 📣 300$ — discount certificate
Start: 2020-05-19T11:30:52.445978+00:00
End: 2023-12-31T23:59:59+0000
Location: VIP Sea Park

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Project info

Object ID: 7461

Finished at	September 2019
Price, m²	From 3690$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	3
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

110,700$

Net profit

5,906$

Payback period

13.7 years

Avg property value increase per year

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About the project

Following on from the success of the "Sea Park VIP" project in the Shimon neighborhood of Eilat 6, a conceptual and unique continuation project is currently being built - a boutique project that includes a number of small apartments and a diverse mix with the possibility of adding a private swimming pool in the garden apartments and penthouses.

"VIP Sea Boutique" is a unique project, which includes 2 beautiful buildings of only 2 stories and 7 large and spacious apartments in each building. The residents of the project will enjoy a quality, private and peaceful living experience, facing the breathtaking view of the Gulf of Eilat and the Red Mountains.

The quality of the construction and the finishing standard in the projects of "Yossi Avrahami" continues to accompany the project's tenants here, who will enjoy a high standard and luxurious standard.

Careful architectural design ensures efficient and maximum utilization of the apartment space.

You can choose from a mix of apartments including: Garden apartments with the possibility of adding a private pool, 5-room apartments as well as spacious penthouses with the possibility of adding a Jacuzzi in the roof terrace.

Developer

Yossi Avrahami Civil Engineering Works Ltd. has been one of the leading and most well established real estate companies in the Israeli marke…
Details about Yossi Avrahami