Property ID : VS3615
Sale 300.000€ - Business
Special offer!!! Sales of commercial meters in the shopping mall “TheGalleryMall”.
Financial investment with a guaranteed return on investment of 10-12% per year (gross).
Guarantee of income – commercial meters, purchased by the investor are leased to the seller – the developer and the operator of the shopping center. Guarantee of stability of management of the shopping center is caused by the fact that the developer retains more than 60% of the total area.
The shopping mall has a unique location in the south of the island in the Costa Adeje area and is valued by the largest Spanish appraisal company TINSA at 41.000.000 euros.
A permanent commercial license has been obtained.
Booking process – prepayment of 30% of the value of the purchased property. 70% of the contract for reservation of commercial meters is paid to the seller at the time of launch of the shopping mall.
The planned launch date – 1st quarter of 2018.
The minimum prepayment for booking commercial meters is 100.000 EUR, the contract amount is 300.000 EUR with a return of 10% per year.
With a prepayment amount of over 250,000 EUR, the annual return is 12% and special conditions in the form of a discount of 5% of the current market price.
With a prepayment amount of over 750,000 EUR, the annual return is 12% and the discount is from 7.5% to 8.5% of the contract value, depending on the amount of prepayment.
It is possible to obtain financing up to 60-70% of the value of the contract from local commercial banks at 2.5-3.5% per year.