15 apartments in a 15 storey building close to the beach
SaltLake Tower Calpe
Each apartment is One floor
It is not widely known that in Calpe, the Spanish magnet for modern tourism, there is no heigh limit for newly constructed buidlings. And we were lucky enough to acquire building plots not far from the beach where we are going to erect a 15-storey building with 15 luxury apartments, each of them with a magic view of to the sea. It is a rare opportunity for combined investment and holiday living.
Truly unique location
At the heart of Costa Blanca, within the region of Valencia, lies the ancient fishing village of Calpe. Now transformed into a tourist magnet, the town sits in an ideal location, easily accessed by the motorway that runs from Valencia to Alicante. It Is approx. one hour drive from the airport at Alicante. Calpe has a wonderful mixture of old Valencian culture and modern tourist facilities. It is a great base where you can explore the local area or enjoy many local beaches. Calpe alone has three of the most beautiful sandy beaches on the coast.
Market Situation
15 Apartments in 15 floors
138 m² Usable area of an apartment
3.600 €/m² Average market price per sq. meter
496.000 € Average market price of an apartment
390.000 € Intended bottom selling price of the demo apartment
2.826 € Intended bottom selling price of the demo apartment per sq. meter
1.070 m² Total permitted built-up area of the whole complex
Investment Target
Time-schedule:
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04/2020 Purchase of the building plot of 1,750 sq. meters
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06/2020 Deadline for investment fundraising for construction works
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06/2020-08/2022 Construction and erection of the apartments building
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05/2020-11/2022 Selling of the apartmans to the new end customers
Investment scope: 5,0 mio € / 24-26 mos estimated investment horizon