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Citrea in Malaga

Name: Sales in Citrea started!
Start: 2021-01-28T09:08:58.494111+00:00
End: 2023-12-31T23:59:59+0000
Location: Citrea

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Project info

Object ID: 10655

Finished at	January 2021
Price, m²	From 5715$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 120.00 m²
Floors	3
Apartments	25
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness Pool Kids playground Near school Near supermarket
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Personal discount certificate 300$
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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

685,800$

Net profit

9,376$

Payback period

58.3 years

Avg property value increase per year

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Promos and discounts for Citrea

About the project

Citrea is a wonderful multi-family house in Malaga, made up of 25 homes located in the residential area of Colinas del Limonar. With homes from 120 square meters, between 2 and 4 bedrooms and with large common areas, this development will be a benchmark for design and comfort in the area.

The maximum detail achieved by the Martínez de Aspe Architects is seen in each space. The common areas have an infinity pool, a relaxation area with Pool Bar, gym and an area equipped with a movie theater.

Citrea's unbeatable location is a clear draw. This development is very well connected with the main access roads to the city and with the La Caleta beaches.

Developer

100 years of history 1918. Metrovacesa founded 1953. Construction of Spain Building 1955. Construction of Madrid Tower 2005. Internation…
Details about Metrovacesa