The building is designed to enjoy maximum energy efficiency and the apartments have been designed to optimize the quality / cost / profitability ratio. Works are expected to start in the fourth quarter of 2020 and the end of works by the fourth quarter of 2021.
The apartments will have tourist licenses and will be delivered fully furnished and equipped to start their operation.
The developer responsible for the project is currently developing 2 projects in Barcelona and L’Hospitalet and delivered in 2019 another one in Barcelona. The coordination and execution of the projects is carried out by a team of professionals with 25 years of experience in the sector and more than 40 developments delivered.
L’Hospitalet is the second city in Catalonia, currently very active in attracting tourism business given the urban and legal limitations in the city of Barcelona. The building is located a few minutes from the southern entrance to Barcelona, and is perfectly connected to the main roads of the city by public transport (metro and tram). As an example, the Camp Nou can be reached on foot in 20 minutes or in 6 minutes by taxi. To Plaza Catalunya in 15 minutes by subway, and to the Sagrada Familia in 21 minutes by subway.
The operator has conducted a detailed business plan, based on its experience with similar products and the study of the area, valuing seasonality, type of apartments and services. The estimate is that the building will generate revenues, once the operator's management has been discounted, of € 136,455 per year, representing an annual return on investment of 8.52%.
The price of the finished building and with the necessary permits for its tourist exploitation is € 1,600,000.