Welcome to the second Housers project in the Renaissance Capital!
Type of opportunity: Loan. Modality: BUY-TO-LET
San Gallo is the tenth Italian project at Housers, which only confirms the interest in the country and more importantly in the capital of Tuscany, this time in the San Gallo district of Florence.
The objective of the project is to purchase, renovate and start offering the apartment as a tourist rental due to the strategic and central location, where the property is located, with the subsequent sale to the planned operation is completed in 60 months.
This is a buy-to-let project with an estimated annual yield of 4.58% due to the high profits that the department can generate thanks to the tourist lease.
Situated on Via delle Ruote 26, the property is on a typical street and one of the best Italian urban centers, where few cars pass by making the street practically pedestrian.
The property is a nice apartment that will be very easy to rent to tourists thanks to its central location. It will also be possible to split the apartment into two and rent it as two different properties that generate higher rents from separate units.
Set on the ground floor of an old typical Florentine building, the apartment has an area of 85m2 and consists of:
The apartment is located in the center of Florence, inside the medieval belt. It is in the district of San Gallo that takes its name from the famous Via San Gallo that connects the north of the center of the city with the Duomo.
Unlike the Palazzo Pitti project, the property is located in the northern tourist area of the city of Arno, a 10-minute walk from the cathedral and the train station, 6 minutes from the central market, and 700 meters from the San Lorenzo and just 500 meters from the Museum of the Accademia Gallery.
The purchase price of the property is 10.8% lower than the market price according to the evaluation of TINSA.
The apartment is already in good condition, the renovation and decoration according to the Home Staging strategies will increase its value by making the decoration more in line with market trends both for rent and for resale in the future.
For the estimation of the annual yield granted by the lease, we have considered 3 possible scenarios with respect to the monthly employment rate:
The real estate development company will take care of all the necessary tasks to manage the property, from the realization of the sale to the renovation and decoration in accordance with the Home Staging strategies, in addition to the fundamental activities of tourism rental management also the use of external companies.
In addition to the initial bureaucratic management and restructuring, the project developer will also follow the ordinary activities related to the promotion of the property, such as the maintenance of the same, the management of check in, check out, cleaning and legal documentation.
Why invest in San Gallo?
In Spain, Housers is a crowdfundig platform registered next to CNMV (Spanish Regulator) with register number 20. Housers is a platform that facilitates access to loans related to real estate transactions promoted by third-party companies, previously analyzed and validated. Housers does not offer financial advice and none of the proposed activities should be considered as such. The analyzes shown in these pages are general information and do not in any way constitute specific advice. The projects illustrated are not subject to the supervision of any national or international financial authority or regulator. The transactions presented are forecasts only and as such, they may be subject to change. Investing through Housers involves risks, including illiquidity, loss of investment, and it should only be done as part of a diversified portfolio. Your capital is at risk.
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