Project concept

The project is implemented by Fenix ​​Trading sp. z o.o.. The project aims to acquire underutilized commercial space (offices, warehouses, former utility rooms) and transform it into modern residential apartments for shortand medium-term rental. The project is primarily planned for Italy. The revitalization of abandoned or inefficient commercial space (categories C/1 - shops, C/2 - warehouses, B/4 - offices) and its transformation into Case Vacanze (vacation homes) or Affittacamere (guest rooms) is planned.

Cost Calculation (in %)

• Property Purchase (60–70% of the budget): The bulk of the expenses.
• Legal Support and Taxes (3–5%): Transaction Processing, Legal Services, and Architectural Services.
• Construction and repair work (20–25%)
• Furniture and Appliances (5–7%): Refrigerators, Air Conditioners, Smart Locks.
• Reserve Fund (3%): Unforeseen Expenses.

Financial Indicators and Payback

• ROI: 15-25% per annum (significantly higher than the 4-6% for standard apartment rentals). Average nightly rate: €120-180 (depending on season and city). Occupancy: 70-80% (for tourist centers in Italy).
• Payback period: 4-6 years.
• LTV (Livestock Value Increase): Immediately after conversion into residential apartments, the market value of a property increases by 30-50%.