The Sunday Times
Saturday March 24, 2018

45 bedroom block of flats for sale

£1,662,216 (€1,900,000)

Av. De L'argentina, 15, 43005 Tarragona, Spain

Interested in this property? Call +44 1372 434784 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Well maintained whole residential building showing high yield (6%-8%) and even greater potential (8%-10%) - on sale until March.

Impressive building located at the Eixample Nova of Tarragona (near the New Corte Ingles mall)

- 1.513 m2 (plot size 341 m2) in Tarragona Capital downtown.

- Address: 15 Avinguda de l’Argentina, 43001, Tarragona

- Valued at eur 2.200.000 in 2010.

- Facades renovated in 2013.

- ite (maintenance inspection carried out by the local authority) passed favorably in 2017, with certificate valid until 2027 (max. Duration that it can be given at any one point in time).

- All certificates of occupancy and energy up to date.

- 6 floors (ground floor + 5 floors above ground), with all apartments facing the exterior of the building.

- Well maintenance, without “aluminosis” or any other structural problems.

- Generating annual income of eur 112,000. Good visibility to increase income to eur 120.000 per year in less than 12 months without any need of investment.

- Income potential of more than eur 150,000 annually (higher if dedicated to tourism).

- In case you are interested only in the 15 apartments, the price would be reduced to EUR1.5m (excluding the 3 commercial units on the ground floor and the antennas locate at the roof).

- Price not negotiable

- On sale until March 2018

- We are the owners and therefore we do not charge any fees to the buyer.

Full description: 22 contracts/entities - 15 dwellings, 3 commercial units and 4 long term antenna contracts:

- 15 flats: All rented generating income of eur 62.000 a year.

- 3 local commercial: All rented, with income of eur 22.000 a year.

- 4 contracts of antenna of mobile telephony long-term: Annual Revenues of eur 28.000. Contracts of long duration and structure installed years ago for 4 mobile telephony operators (Vodafone, Orange, ono and Abertis)


- The building is very well located in Tarragona Capital, between the avenida President Companys and the avenida del Principat d'andorra and a few meters from the new Corte Inglés mall.

- Main facade faces onto a wide street with lots of light and shops.

- This area of the city will host a large part of the administrative activity of Tarragona, with the creation of the City Court (the grouping of all the city courts)

- It is also a site optimal due to its proximity to the Hospital of Tarragona Joan XXIII and to its quick and direct accessibility to the main highways of road communications entering the city: N-340, n-240 and ap-7 motorway.

Do not miss this opportunity. The image of a “streetview” of the building is not up to date on “googlemaps” and therefore it does not reflect some of the improvements made during the last few years. Come and visit the building.

The seller located in London, but the building’s manager is in Tarragona and can show the property at any time.

Property location is approximate. Please contact the agent for further details.

For more information about this property, please contact
Sell4Less Limited, KT22 on +44 1372 434784 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Sell4Less Limited, and do not constitute property particulars. Please contact Sell4Less Limited for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.