The Big Craze For Airbnb

Price : 550,000€   : 3   : 3   : 120 Sq.M

Reference : 2158 - Listed : February, 2024

Propiedad en español Versión en español

The big new craze over the last few years in Valencia has been to convert unused shops into commercial units to rent out for Airbnb. It has been changing the look of many areas where there used to be just shuttered old shops and there are now large, usually frosted windows and ground floor units for rental.

Whatever your opinion on this topic I think it is better for Airbnb units to be developed in this way rather than taking over apartments and forcing out the local community. As long as it doesn't affect the commercial life of the area then fine and it means there are more people living in the area who then buy in the local cafes bars and shops. It may even breath new life into certain areas.

Some of the units we see are horrendous, more like cells with little light and space and others are well thought out spaces that are useful for short and medium term rentals. I wouldn't go with long term rentals like this because the spaces are usually small and they cannot be classed as residential but short periods are great. The three we have for sale here as a package are excellent.

What was once a paint shop which had been closed down for over ten years has been redeveloped and opened up. The developer made three high quality apartments which are being sold off as a package. The developer has also offered to continue to run the units with their rental company if you want a hands off investment. They expect a really good return because their other units give a good return but these are new and better. Why do they want to sell? They want to buy even more and develop them and need to release some capital.

Each unit is around 35m2 and is a studio. Two of them have a rear terrace with outside space and one faces out onto the street, it's a quiet street though. All are fitted to a decent standard with excellent bathrooms and come fully furnished and ready to go.

For the investors among you this might be a really good way of getting your Golden Visa and having a hands off investment giving you a return over time. It's also a good way of having a place to dump your bags when you visit yourself while maintaining income from the other two units. Take a look at the photos and contact us for more information.

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Features of this property

Air Conditioning

Heating

Terrace

Cable Internet

Double Glazing

Recently Modernised

Furnished

Walkable to town

Corkscrew in Kitchen

Friendly Neighbours

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