Studio for sale in El Pas de la Casa with tenant – 7.2% annual return, Sterling

Studio of 32 m² with one bedroom for sale in El Pas de la Casa, currently rented for 700 € per month since July 2024. This is an investment opportunity in Andorra with a gross annual return of 7.2%, ideal for buyers looking for a property that generates income from day one.

Property features
– Built area: 32 m²
– Layout: 1 bedroom, living-dining room with open kitchen, and full bathroom
– Condition: Good condition, currently rented
– Rental contract in place since July 2024, generating 700 € per month.
– Sale price: 116,000 €

This studio is located in El Pas de la Casa, just a few meters from the ski slopes and with all amenities nearby. The area has a high rental turnover, both for tourists and workers, ensuring high occupancy throughout the year.

Legal regime: Censo Enfitéutico in El Pas de la Casa
This property is subject to the censo enfitéutico regime, a traditional legal figure in El Pas de la Casa since the 1950s:
– The Comú d’Encamp maintains direct ownership of the land, while the buyer acquires useful ownership, that is, full use and enjoyment of the property.
– The buyer must pay an annual pension to the Comú: 6.82 € per m² of built area (for apartments).
– In addition, a 5% charge on the final sale price, known as Lluïsme, is applied in each sale, which the buyer must pay. This amount is independent of other taxes such as ITP.
– This system does not limit the normal use of the studio or its exploitation as an investment, but it is important to consider it when calculating the net return and acquisition costs.