Carrer de Córsega 60, Barcelona, Spain
Invested so far€ 425,265
Estimated Return from Sale of Property*
Estimated Rental Income Over 4 Years*
Estimated Rental Income per Year*
Overall Average Annual Return*
*This amount is an estimate and should not be considered a guaranteed figure. The value of your investment can go up as well as down. In most circumstances the maximum duration of an investment will be 4 years.
In an attractive corner building on Calle Corsega with a renovated façade, lift, concierge service and car park, there are a range of excellent new apartments available for sale.
These fabulous new homes offer fully renovated interiors and range from 75m2 with 2 bedrooms and 1 bathroom to 103m2 with 3 bedrooms and 2 bathrooms.
Natural light, balconies, neutral decor and open-plan living spaces make these apartments both fresh and functional. Ideal as an investment, permanent home or pied-a-terre in the city.
Key Selling Points
Located close to Francesc Macià, Avinguda Josep Tarradellas, Sants Station, the Industrial School, El Corte Inglés and L'Illa shopping centres. This neighbourhood is undergoing development and offers many amenities and green areas.
About the Area
Barcelona is the capital city of the autonomous community of Catalonia in the Kingdom of Spain, as well as the country's second most populous municipality, with a population of 1.6 million within city limits. Its urban area extends beyond the administrative city limits with a population of around 4.7 million people, making it the sixth-most populous urban area in the European Union after Paris, London, Madrid, the Ruhr area and Milan. It is the largest metropolis on the Mediterranean Sea, located on the coast between the mouths of the rivers Llobregat and Besòs, and bounded to the west by the Serra de Collserola mountain range, the tallest peak of which is 512 metres (1,680 feet) high.
Bricksave is an online real estate crowdfunding platform designed to make investing in luxury properties around the world simple and affordable. Bricksave allows investors to:
Each investment in a property on the platform is made via the purchase of shares in a special purpose vehicle which is a registered Company, created for the sole purpose of purchasing the designated property.
There is a different structure for each and every property and depending on regulations each company owns the property through a local LLC; therefore you will always know that you are investing in the exact property as chosen by you.
You receive a rental return equivalent to the proportion of the property that you own. Every month, your Bricksave Member’s Account is credited with a share of the dividends proportionally to your ownership of the Company that owns the property.
Dividends are calculated as the Gross Rent collected from tenants, minus property-related costs (such as management fees, insurance, maintenance and taxes).
At the end of each year you then receive your annual rental returns from the property and when the property is sold at the end of the investment term you receive the additional capital gains from the sale of the property.
Dividends are paid out to crowdfunders annually from the date that each project is closed.
No, investors will not have to contribute further capital. All costs including bills and fees are funded from the Gross Rent. The risks of most large unexpected costs (such as flood or fire) are mitigated through property insurance.
Certain other costs, such as roof maintenance, are also forecasted and communicated via our website to investors at the point of investment. To deal with this we either (i) raise a work provision during initial crowdfunding or (ii) set aside a certain amount of Gross Rent.
The standard investment exit is to exit after four years at market value.
On each fourth anniversary of the completion of the transaction on the platform, Bricksave will put the property on the market for sale under the following conditions:
(i) The property is inspected and valued by an independent Chartered Surveyor with reference to factors such as recent transactions and the condition of the property, adjusted for any potential liabilities that the LLC may have, such as taxation.
(ii) Once the property sale has completed investors will receive the dividend relevant to their share in the property.
Bricksave will administer this process and is obliged to act in the interests of investors to maximise financial return. On successful completion of the sale, all Investors in that property will be exited and net proceeds will be distributed to investors. Note that third-party costs, such as legal fees, will reduce the proceeds available for distribution to investors, but Bricksave will not charge any fees or make any profit margin on the third party fees.
It should be noted that this process will take as long as required and typically the sales process is between 3-4 months. However, there is no guarantee of this as the sale could take longer.
We have put together a world-class, experienced team with a wealth of knowledge and experience in real estate, finance, digital technology and start-up sectors.
Tom has 8 years of experience in business development with a focus on real estate & technology firms, including rolling out an international property portal in Latin America and commercial property portal in the United Kingdom. He is Co-Founder of 2 start-ups.
Sofia has over 15 years' experience with internet start-ups, online marketing research and the real estate market. She is Co-Founder of Dinero Mail, the largest online payment platform in Latin America.
Marie has 12 years' of international finance experience in multinationals in London, Paris, Sydney and Buenos Aires. Marie has spent the last 3 years working with successful start-ups and digital technology companies.
Jorge was formerly Head of Sales at LATAM's largest offshore investment sales company as well as a fully qualified IFA and experienced sales professional. Throughout his career, Jorge worked as an IFA helping his clients to reach their financial objectives through a mixture of market analysis and research.
Stephanie is a marketing connoisseur with over 16 years’ experience working with blue chip corporations in the telecoms (British Telecom) and entertainment (Warner Bros) industries. 10 of these years were spent working with successful start-ups (Skype) in the areas of digital, real-estate Fintech and e-commerce.
Crowdfunding is a system in which people collectively network and pool their funds in an effort to raise money for a project or organisation, usually via the internet. The idea behind Crowdfunding is simple: like-minded people can group together small amounts of money enabling them to invest into larger, previously unattainable projects, and when they do, large sums of money can be raised quickly.
Real Estate Crowdfunding allows money to be collectively raised from many investors and used to fund the purchase/construction of a property. Each investor owns a percentage of the property in proportion to their initial investment. The benefits are clear to both the real estate market and investors. Capital for projects can be raised quickly and investors can get access to the real estate market with small amounts of money.
Bricksave allows investors to collectively buy the property on a buy-to-let basis (with Bricksave doing all the legwork and legal organisation), and then collect a proportional share of the rental income, as well as a share of the capital gains once the property is sold after four years.
Deep Focus - we leverage our extensive network in the global real estate market to locate the best properties for investment with a focus on achieving the highest yield returns at the lowest possible risk for our crowdfunding investors.
Due Diligence - utilising our management team’s expertise, Bricksave completes a thorough audit of the property and physically visits the location to evaluate the market value, location, quality, etc.
Ongoing Management - all administration in regards to fees, recurring insurance, maintenance, etc. are taken care of by Bricksave, allowing investors a hassle-free, great value investment.