Description
WITH RENTAL LICENSE
THE LAST APARTMENTS NOW € 350.000,- !!!!!
The ultimate armchair Investment
Highlights :
- Just € 350.000,- Sold ready to rent
- Fully Managed
- No community fees
- 4 income payments per year
- 2 months personal use
- ROI 5.5 to 6.5% net after all costs
- Purchase Tax just 2,5%
Owning an apartment in gorgeous Ibiza while making money on the rental income… It’s what most second home buyers are looking for, however due to government restrictions on Holiday Licenses for apartments this was not possible, UNTIL NOW!
The Olive properties are set into a stunningly cool environment featuring turquoise circular outdoor pools, a poolside chiringuito offering fresh juices, fantastic breakfasts, cocktails and tapas, a wonderfully atmospheric spa with hydro-pool, sauna and relaxation area, plus a state of the art, fully equipped gym, reception, guest lounge and more…
These unique apartment suites present a compelling case for investment, with yields conservatively forecast at 6% to 7% net for 2023 after all costs.
We have just 3 beautiful properties for sale at The Olive, these are the last one so the price is now € 350.000,- ( fixed price) Each property comes fully furnished (5 star boutique design hotel standard and beyond) and is delivered totally ready to rent, even down to bedding, towels, robes and slippers. All properties also come with a lockable storage room for owners and a private car park space.
Properties at The Olive are fully managed for rental operations, which includes all marketing, OTA and traditional tour operator relations, bookings, administration and accounting, as well as the delivery of boutique hotel services (check in/ check out, full concierge services, billing, daily cleaning, laundry, in-room spa and beauty treatments etc.) so all you need to do is sit back and relax and collect your income.
Owners at The Olive benefit not only from the rental income from accommodation sales, but also from all of the other revenues coming into the business – so our owners also receive a share of all of the F&B revenue at The Olive – our Chiringuito cafe bar, juice bar, cocktails, in-room dining, spa treatments, events and so on! This represents a significant income boost for our owners over and above traditional buy-to-let opportunities.
Owners can stay in their property at The Olive for up to 2 months per year,.
The Olive is open every year from early February to December 31st, and any maintenance and repainting is completed during January and the first half of February each year and this is also the time for our team to take a rest before each new Season begins.
Cala Llonga is a very beautiful destination. The beach is very safe for swimming, you can take a boat from the jetty to Formetera, Ibiza Town or Santa Eulalia, plus there are many good restaurants and cafe bars, especially Amante – one of the island’s most fashionable and luxurious beach clubs:
www.amanteibiza.com
In addition, obviously very good to know for investment, Accor Hotels are redeveloping an existing hotel in Cala Llonga, and this property will be in their highest brand category, Mondrian:
https://group.accor.com/en/brands/ennismore-lifestyle-collective/mondrian
Also coming to Cala Llonga opening 2024 is Only You Hotels which is another 5 star boutique small chain of 5 star hip hotels:
www.onlyyouhotels.com/en/
El Chiriguito are redeveloping a prime beachfront restaurant on Cala LLonga Beach- this will be as amazing or if not better than their existing beach club, which is arguably one of the islands original and best:
www.elchiringuitoibiza.com
Putting all this information together, Cala Llonga is easily one of the most promising destination for investment in the Balearics right now.
