Sant Adrià de Besòs, Catalonia

MYLIFE Real Estate presents this investment opportunity, located in one of the most promising growth areas, in the Sant Joan Baptista neighborhood in Sant Adri.Property DescriptionThe property is located at the intersection of a semi-pedestrian street with Catalunya Avenue, in one of the fastest-growing areas of Sant Adri.It is built on a plot with an area of 159 m 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 m and consists of two studios and a small commercial space. Each studio is 40 and 45 m 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 m and faces the exterior.The first floor has the same area, 121 m, and is divided into two apartments of 50 m and 55 m, 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 BaptistaAround 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. Ferm Borras.In this neighborhood, you can find educational centers: CEIP Catalunya, CC Amor de Du, and IES Manuel Vzquez Montalban; the Casal de Cultura, and the Bess building, home to various official institutions.