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*NO COVID AREA* Seaside property in Italy for sale. Block of flats opposite beach, B&B, guesthouse

Undisclosed, Undisclosed
Leasehold Price:
£29,995
Annual Rent:
£12,000
Status
FOR SALE
Advert ID
255173

We have block of six leasehold flats ideally located and suited for buy-to-let. Opposite of the beach in Italian town Santa Maria Del Cedro (Calabria, Southern Italy). All apartments (two 2beds and four 1beds) are on same ground floor with gated green space/parking. Block is three storey (ground floor - garages and flats - advertised here; 1st floor - shops, restaurant, cash machine and residential flats; top floor - residential flats) well looked after building.

QUICK SALE ONLY (completion or full payment within 30 days). PRICES INCLUDES FEES.

Building located across the road from beach, about one km from train station, about 300 meters from supermarket and on the street with all shops and restaurants, with restaurant and cash machine in the block. Restaurant offers business lunch for 10 euro (pasta (with fish or meat) main dish (fish or meat) 1/4 lt of wine). Larger cities like Scalea and Diamante are 10-20 min bus ride away (adult ticket cost 50 cents one way). No hills so you can ride a bicycle or simply take pleasant walks. Seaside city, surrounded by mountains, popular with various festivals, local red, rose and white wine produce, concerts at the piazza and, of course, best 'Blue Flag clear' sea water beaches. Main cities attraction is produce of citrus Cedro and festival in the name of it. You should try digestive alcoholic liqueur made from this fruit, it is sweet and very nice! In winter months ski resort Sila (3,000m) is only 1.5 hrs drive away. City has beautiful old part of town, from times of Spartacus, great for romantic walks and those late night glasses of local wine or scoop of home made Italian ice cream.

Location of this property is perfect for Airbnb or Guesthouse use as well as permanent residency of the owner.

Estimate rent figures for average one bedroom apartment during season May to October (however good weather is usually from beginning of April until end of November):

80-120 EUR per day in August,

50-60 EUR per day in July,

30-40 EUR per day June and September,

May and October prices vary and usually are about 20-25 EUR per day or 100-150 EUR per week for longer lets.

Example of rentals return: current owner says that all running cost are about 20,000 EUR per year incl all bills etc. His current takings are about 50,000 EUR per summer season which leaves his family with 30,000 per year profit for which he lives very comfortably as cost of life is very low in the area. There is no tax for season rentals in this part of Italy. Also there is possibility to increase profit by renting in the winter as ski resort is only 1hr 30min drive away an doing yoga etc retreats in sprig/autumn season.

****Remote management can be easily organised**** as we provide 24/7 English-speaking support for all lease owners and have office in nearby Scalea.

All flats are located on two floors: ground and top.

Apartments sold fully furnished.

Link to location (works in google maps) https://goo. Gl/maps/gVYV4TSbSNrWWz9H7

  • Cheap flights from UK with Ryanair (London Stansted to Lamezia Therme and many other airlines to Naples). 1.5 hrs drive or train from Lamezia Therme Airport or 2-2.5 hrs from Naples. Also direct connections by train with Rome, Milan etc.

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PACKAGE CONSIST OF one x two bed and five x one BED APARTMENTS AND COST 34,000 EUR

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Type of ownership: leasehold 30 years from a date of your purchase (extendable)

Purchase costs: 1,000 Euros (agency fees and legal fees, included in price)

Service charge. 1400 euro Per year per appt.

All bills. 1050 euro Per year per appt Payable yearly upfront PLUS electric and gas (metered)

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Distance from places of interest:

Naples (airport) – 226 km,2.5 hrs by car or two hrs by train.

Lamezia Terme (airport) – 120 km,1.5 years by car or one hr by train.

Rome (airport) — five hrs by car or train.

Milan (airport) — nine hrs by train or car.

Thermal baths of Luigiane – 91.5 km.

The statue of Jesus Christ, Maratea – 36 km.

Designer outlet Le Reggia – 245 km.

Ski resort Sila (winter season) – 120 km.

Listing Details
Leasehold Price: £29,995
Annual Rent: £12,000
Tenure: Leasehold
Location: Undisclosed, Undisclosed
Sector: Commercial Properties, Bed And Breakfast, Hotels
Financials
Annual Turnover: £45,000
Annual Net Profit: £26,000
Key Features
  • With Accommodation
  • Town Centre location
  • With Car Park
  • New Lease
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