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LAR Bay in Malaga

Name: Sales in LAR Bay started!
Start: 2021-01-29T08:41:25.056447+00:00
End: 2023-12-31T23:59:59+0000
Location: LAR Bay

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Project info

Object ID: 10679

Finished at	December 2020
Price, m²	From 3850$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 100.00 m²
Floors	3
Apartments	90
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking 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

385,000$

Net profit

9,376$

Payback period

32.8 years

Avg property value increase per year

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About the project

Lar Bay is Grupo Lar's residential project in Benalmádena, Málaga.

It is made up of 90 contemporary-style homes with the best qualities and superior finishes just a few meters from the beach. Each house consists of 1,2 and 3 bedrooms, with large terraces and large open windows with panoramic views of the sea.

Benalmádena is characterized by its good Mediterranean climate, with pleasant temperatures throughout the year, long beaches where you can walk. Lar Bay also has different golf courses around it, all the transport facilities to explore Benalmádena, medical clinics, leisure areas and shopping centers.

Lar Bay is a sustainable residential complex. The project includes the most efficient measures in energy saving and insulation, energy charging points in the parking lot, space for bicycles, etc.

The complex has large common areas, green gardens and other areas that extend towards the sea. The exclusive area for the whole family includes a solarium and swimming pools for adults and children.

All the houses in the urbanization have a covered parking space and a storage garage.

In addition, Lar Bay has safety very much in mind. The urbanization is a closed area controlled by video intercoms and access by code, which makes it a safe space for your loved ones.

Developer

Grupo Lar is a Spanish company, with a strong international vocation and exclusively real estate, a sector in which we were born and in whic…
Details about GRUPO LAR