Farmacia 3 in Madrid

Name: Sales in Farmacia 3 started!
Start: 2021-02-16T07:06:43.205936+00:00
End: 2023-12-31T23:59:59+0000
Location: Farmacia 3

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Project info

Object ID: 11044

Finished at	July 2022
Price, m²	From 8100$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 131.00 m²
Floors	4
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Pool Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Tribunal 2 min Chueca 3 min Gran Vía 5 min Bilbao 5 min Alonso Martínez 6 min Sevilla 7 min Callao 7 min Banco de España 8 min Noviciado 8 min San Bernardo 8 min San/Bernardo 8 min Vodafone/Sol 8 min Vodafone Sol 8 min Santo/Domingo 9 min Colón 10 min Quevedo 11 min Iglesia 11 min Plaza de España 12 min Ópera 12 min Antón Martín 13 min Tirso de Molina 13 min Serrano 15 min Ventura/Rodríguez 15 min Rubén Darío 15 min Alonso/Martínez 15 min Retiro 16 min Canal 16 min La Latina 16 min Lavapiés 17 min Gregorio Marañón 18 min Gregorio/Marañón 18 min Atocha 19 min Ríos Rosas 19 min Velázquez 19 min Argüelles 19 min Embajadores 21 min Núñez de Balboa 21 min Núñez/de Balboa 21 min
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

1,061,100$

Net profit

9,376$

Payback period

90.3 years

Avg property value increase per year

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About the project

Impar Grupo begins the year 2021, with a new project Farmacia 3, which has arrived to mark a bohemian style mixing the classic with the contemporary and

located in the most central area of Madrid: the heart of Malasaña.

With an imposing traditional Madrid red plaster façade and large windows, Farmacia 3 is a unique project that presents a proposal for 3-bedroom homes. The building has an elegant lobby dominated by a classic wooden staircase, an elevator and very careful lighting.

All spaces have finishes and materials with the highest quality standards. In the houses, an oak wood floor has been chosen; the kitchens are open to the dining room and are delivered complete and equipped with appliances, in the living room the delicate moldings are accompanied by modern details such as led lighting, and the brightness provided by the classic balconies of the homes make it a perfect place to enjoy the house.

The bathrooms are spaces where a modern design of pure forms coexists with classic materials such as calacatta and ceramic, and the lighting highlights its minimalist character.

The elegant and sophisticated rooms are accompanied by dressed wardrobes and invite to be the most intimate space in the house.

Definitely Farmacia 3 is a great opportunity to live in an exceptional area, between Chueca and Las Salesas and less than 10 minutes from other important places in Madrid such as Paseo de la Castellana and Gran Vía. The Malasaña neighborhood offers excellent communications, public transport, educational centers, museums, supermarkets and entertainment venues.

Developer

At Impar Grupo we provide comprehensive real estate solutions in the following areas: consulting, investment and a powerful architecture, de…
Details about Impar Grupo