Now Live: A Parking Space Auction Ready for Investors Looking to Grow Capital

An exciting opportunity has just opened up for property investors looking to explore the high-return world of auction purchases, and the auction is happening right now. If you’re seeking a profitable, straightforward asset with a proven investment strategy, this active auction for a parking space might be the perfect starting point.

Parking space investments, especially through auctions, can offer substantial returns with relatively lower risks. In a past article, I highlighted how a starting capital of just €10,000 can grow into approximately €150,000 in five years, simply by executing three well-planned transactions like this one per year. For those interested in this accessible approach, I’ve provided a link to the detailed strategy, which is ideal even for those with limited initial savings.

Now, let’s talk specifics about this parking space auction. The current debt amount on this property is slightly under €13,000, while the auction value is set around €32,000. Under Spain’s Civil Procedure Act (Ley de Enjuiciamiento Civil), you could potentially secure this property for around €22,500 (70% of the auction price) or even make an offer just above the debt value of €13,000, which opens the chance for the debtor or creditor to outbid you.

This auction presents a strong investment potential due to the local market. According to comparable listings and past sales data from the Property Registry, similar spaces in the area are valued between €39,000 and €53,000, with one in the same building sold for €60,000 as recently as February 2024. If you’re able to win the bid at around €23,000 and later sell the property for an estimated €41,000, the return on investment would be over 38%, equating to more than €11,000 in profit. Given the relatively short six-month turnaround, this type of investment can be ideal even for remote investors who may not live close to the asset.

The ongoing nature of this auction brings a timely chance for first-time investors to dip into the auction market with real, attainable returns. All tasks post-purchase—no renovations, no vacancy periods—make this a stress-free, manageable option.

This active auction could be your entry into the strategic world of investment growth. If you're ready to start with a supportive investment partner, consider working alongside a Portfolio Manager who can provide personalised guidance in English, Spanish, or Italian.

For further assistance or to arrange a free consultation, visit my website.

This opportunity is happening right now—don’t miss out on taking your first step toward building a high-return property portfolio!