Description
MYLIFE Real Estate presents this investment opportunity, located in one of the most promising growth areas, in the Sant Joan Baptista neighborhood in Sant Adrià.
Property Description
The property is located at the intersection of a semi-pedestrian street with Catalunya Avenue, in one of the fastest-growing areas of Sant Adrià.
It is built on a plot with an area of 159 m² and consists of a two-story building plus a rooftop. The communal stairwell area has been updated, making it in good condition.
The ground floor has an area of 121 m² and consists of two studios and a small commercial space. Each studio is 40 and 45 m² and is distributed into two bedrooms, a living-dining room, an open kitchen, and a full bathroom. Both have access to private interior patios and are fully renovated. The commercial space is about 15 m² and faces the exterior.
The first floor has the same area, 121 m², and is divided into two apartments of 50 m² and 55 m², one of them renovated and the other in perfect condition. They consist of two bedrooms, a living-dining room, one with an open kitchen and the other with an independent kitchen, and a full bathroom. One of the two has access to a balcony.
On the rooftop of the building, there is a communal terrace.
With the current rents, it has a gross rental yield of 7.5%.
Sant Joan Baptista
Around the 1920s, the Font i Vinyals urbanization appeared, the origin of this neighborhood, which a few years earlier had begun to industrialize. The rapid growth of this neighborhood led to some antagonism with the old part of the town around the 1930s. They were referred to as the people from "Dalt" and "Baix." In the 1930s, this neighborhood housed the hunting lodge of Mr. Font, the owner of the land and one of the promoters of the urbanization, as at that time ducks, rails, and water hens could still be hunted in the delta lands early in the morning. Another promoter of the urbanization was Mr. Fermí Borras.
In this neighborhood, you can find educational centers: CEIP Catalunya, CC Amor de Déu, and IES Manuel Vázquez Montalban; the Casal de Cultura, and the Besòs building, home to various official institutions.
