La Vega Plaza in Valladolid

Name: Sales in La Vega Plaza started!
Start: 2021-02-01T06:45:34.022663+00:00
End: 2023-12-31T23:59:59+0000
Location: La Vega Plaza

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Project info

Object ID: 10694

Finished at	June 2021
Price, m²	From 2570$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 59.00 m²
Floors	2
Apartments	50
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Pool Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

151,630$

Net profit

7,229$

Payback period

16.0 years

Avg property value increase per year

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About the project

Residential complex comprising 50 2- and 3-bedroom properties with storeroom and garage parking space. Freehold property, in a cooperative.

Building and landscaping

Urbanisation with swimming pool, gardens and children’s play area.

The residential complex has 4 independent lobby entrances. It has 5 floors that, in ascending order, correspond to the Basement Level (garage), Ground Floor (with spacious terraces), First Floor, Second Floor and Loft Floor.

Types and distribution

Each type of property is distinguished by the layout, number of bedrooms, distribution, the number and size of the terraces and the orientation thereof. All of them look on to the public road and access to all floors by lift and stairway.

The common feature of all the properties is that they have 2 bathrooms. One of them will form part of the master bedroom as an en suite, while the other will be independent and accessible from the hallway. Each property has a parking space and storeroom allocated to it.

They have an outdoor space (either a terrace or a balcony), with the size depending on the property type. The complex will be accessible and comply or exceed all the legal building requirements in this regard to maintain excellent levels of quality.

The common areas, such as the garden, children’s play area and swimming pool, will only be accessible by the entrance lobbies, thus helping to maintain privacy and security for resident families.

Developer

Set up in 2004, Planificación Residencial y Gestión, S.A., (Prygesa), is a benchmark company in the field of real estate development due to …
Details about Prygesa