Current rent + high potential for development | COP 9,000,000,000 | MLS# 269044
Felipe Gonzalez O Agent Photo
Felipe
Gonzalez O
C. (304) 381-2564
P. (300) 727-5511
Phone Felipe
Laventa
Calle 14 No. 30- 207
Antioquia
Colombia
MLS# 269044

Details

%
Years (35 year max)
Years



AreaMedellín
Sub AreaPatio Bonito
State/ProvinceAntioquia
CountryColombia
PriceCOP 9,000,000,000
Property TypeHouse
Bedrooms3
Bathrooms1
Floor Space649 m²
Lot Size475.00 m²
Year Built1995
ParkingNo parking
Parking Spaces0
Monthly Assessment $0
Taxes $20,700,000
Tax FrequencyAnnual
MLS® #269044

Commercial property located in Patio Bonito, in a strategic and high-traffic commercial area, currently generating rental income through various businesses. The property has five rentable units, including retail spaces, a restaurant, an office, and deck areas, with current monthly rents representing $43.83 million and a potential income of approximately $55.83 million per month, considering tentative rents. This equates to a potential annual income of $669.96 million. The property presents an approximate gross annual return of 7.44%, before expenses, taxes, administration, maintenance, and any vacancy periods. Considering only current rents, the gross annual return is approximately 5.84%. The property is located within the Astorga-Patio Bonito urban transformation zone, where planning instruments include mechanisms for joint management and land integration for certain developments.

Location

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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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