Rambla240

Short summary

Centrally located, with an attractive design and a wide range of areas and services, Rambla240 is the most exclusive residential complex for leasing in Almeria.

It will allow the tenants to enjoy city life every day as well as recreational areas designed for welfare (such as the swimming pool, solarium and sport facilities).

Rambla 240 is a clear example of Zertum commitment to urban transformation and renewal. Situated in an area where there were several facilities that are behind the times and no longer used and that do not correspond to the natural development of the city.

www.rambla240.es

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Investment characteristics
Start-up capital amount
Closed

Starting date

First quarter of 2019

Ending date

Third quarter of 2019

Period amount

3,972,995 €
First investment period
Closed

Starting date

Second quarter of 2022

Ending date

Second quarter of 2022

Period amount

1,250,000 €
Second investment period
Open

Starting date

Fourth quarter of 2022

Ending date

First quarter of 2023

Period amount

2,250,000 €

Minimum ticket

25,000 €

Acquired capital

0.18 %

Project capital gain

40.90 %

Cumulative dividend:

17,301 €

Cumulative return on equity (ROE):

113.90 %
Key figures
Development
Property value 31.34 million€
Development cost 19.92 million€
Gross operating margin 11.41 million€
Gross margin on costs (%) 57.30 %
Financing
Total equity interests 7.47 million€
Bank financing 12.22 million€
Loan-to-value ratio (LTV) 42.20 %
Leasing stage
Leasing incomes 1.48 million€
Leasing costs 0.29 million€
Net operating income (NOI) 1.18 million€
Gross profitability on costs 6.39 %
Intended purposes and areas

This residential complex has three independent entrance halls - entrance hall 1 and entrance hall 2 (with 56 and 34 dwellings, respectively) -, which are intended for long-term leasing and have direct and exclusive access to the common areas (basement, swimming pool and recreational areas).

Entrance hall 3 has 12 dwellings intended for sale under the regime of government subsidized housing.

The complex has a commercial area located on the ground floor to be used as a supermarket and a second area located on the first floor intended for sport activities.

Both areas have an independent basement floor to be used as parking service by customers and users. On the other side, the second basement floor is intended to be used by residents only as parking area and storage rooms.

BREEAM certificate guarantees a sustainable and environmentally friendly construction.

Finally, the construction of the complex involves the development of all the streets nearby, as well as the creation of a new public square in the neighborhood, offering citizens a new leisure area.

Units Area
Dwellings 102 (12 subsidized housing) 7,673 m²
Parking area 102 3,118 m²
Storage room area 46 212 m²
Other areas 10 10,808 m²
Dwellings / No bathrooms Units
1 bedroom / no bathroom 31 (3 subsidized housing) / 1
2 bedrooms / no bathrooms 52 (9 subsidized housing) / 2
3 bedrooms / no bathrooms 7 / 3
Commertial premises Use
Premises 1 Supermarket
Premises 2 Gym
Parking area and storage rooms Units
Parking lots 102
Storage rooms 53
Other areas
Swimming pool
Solarium
Concierge
Co-working
Green areas
Development status

Planning

First approval In progress Final approval

Project

Draft Basic Development

Permit

Not requested yet Requested Granted

Tender process

0% 50% 100%

Development

0% 50% 100%

Works

0% 50% 100%


Location

This residential complex is located at the intersection of Avenida Federico García Lorca and Calle Granada, two of the main Almeria’s historical streets. Nearby, numerous shops, leisure facilities and restaurants, as well as schools, medical centres and public agencies organisms’ offices can be found:

  • 2 km from San Miguel beach
  • 200 m from the city centre
  • 1.7 km from the intermodal station
  • 1.6 km from shopping centres
  • 2.8 km from Hospital Universitario Torrecárdenas
  • 13.3 km from the international airport

SECOND INVESTMENT PERIOD
5.48 M€

paid-up from a total amount of 7.47 million€

Open investment

until 10th March 2023

33

investors

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