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Buy-to-let B&b Guesthouse Property In Italian Seaside For Sale

Santa Maria Del Cedro, Cosenza, Italy
Asking Price:
€30,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

We have block of 16 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 (all 1 beds) are in same block of flats. Block is 3 storey (ground floor - garages and flats; 1st floor - shops, restaurant, cash machine; top floor - flats) well looked after building.

Please see basic description and location below.

Let us know how many apartment/s you want in messaging.

We'll email you pics, plans and maintenance costs of each particular apartment and buying process.

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

Building located across the road from beach, about 1 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 1 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 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 from 10 apartments: income of about 70,000 EUR per year, less costs about 28,000 Eur per year, gives estimate profit about 42,000 EUR per year (yield 70% per year). Calculations based on owner does rentals management himself and 100% occupancy during months mentioned.

****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 2 floors: ground and top.

Ground floor flats have parking are and some communal green space for BBQ etc. There are some mountain views from some flats.

Top floor flats have balconies with good mountain views and floor has communal terrace with direct seaview. Plenty of parking around.

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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PRICES:

PACKAGE CONSIST OF 16 X 1 BED APARTMENTS AND POSSIBLE BUY AS FOLLOWS:

6 x 1BEDS ON GROUND FLOOR 30,000 EUROS (5K EUR EACH)

OR

10 x 1BEDS ON TOP FLOOR 70,000 EUROS (7K EUR EACH)

OR

16 x 1BEDS ON BOTH FLOORS FOR 90,000 EUROS (10,000 EURO DISCOUNT)

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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 2 hrs by train
Lamezia Terme (airport) – 120 km, 1.5 yrs by car or 1 hr by train
Rome (airport) — 5 hrs by car or train
Milan (airport) — 9 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

Property Information

Real Estate:

Lease

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