Edificio Drassanes in Valencia

Name: Edificio Drassanes
Brand: Ficsa
SKU: 11282
Availability: InStock

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Project info

Object ID: 11282

Finished at	December 2022
Price, m²	From 2140$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 110.00 m²
Floors	5
Apartments	24
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Francesc Cubells 2 min Francesc/Cubells 2 min Grau-Canyamelar 3 min Grau-/Canyamelar 3 min Marítim-Serrería 5 min Mediterrani 5 min Doctor Lluch 6 min Marina Reial Joan Carles I 7 min Les Arenes 9 min La Marina 10 min Ayora 11 min La Cadena 12 min Eugenia Viñes 12 min Serrería 13 min Tarongers 16 min Amistat-Casa de Salud 20 min Amistat-/Casa de Salud 20 min La Carrasca 20 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

235,400$

Net profit

9,376$

Payback period

20.0 years

Avg property value increase per year

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About the project

In the heart of the Grao neighborhood and next to the Reales Atazanas we have designed the Drassanes Building, a building that is located in El Grao and next to the Cabanyal fishing district. Next to the Port and only 12 min. walking from the Malvarrosa beach. A 20 minute walk from the City of Arts and Sciences and surrounded by public transport stops (bus, tram and metro). We will build 24 homes and penthouses with 3 and 4 bedrooms and with large terraces. You will be able to find the quality of life that you expected.

Developer

The greatest strength of FICSA is the effort and commitment of those who work day by day in the Company, a team of professionals with dedica…
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