Commercial property 1 145 m² in Comarca de Valencia, Spain

Spain, Comarca de Valencia, Valencia
€2,40M
;

Location

  • Country
    Spain
  • State
    Valencian Community
  • Region
    Valencia
  • City
    Comarca de Valencia
  • Address
    Carrer de Cervantes

Property characteristics

Property parameters

  • Total area
    Total area
    1 145 m²

Description

<p style="text-align: justify;"></p><p style="text-align: justify;"> <span style="color: #000000;">For sale a five-story building (4 floors + ground floor), located in the very center of the historical part of Valencia. The total area of ​​the building is 1145 sq. m. and it is located in the most promising area of ​​the city center, where great economic growth is expected in the near future, including rising real estate prices. At the current stage, the building is in a semi-preserved condition, but not in a state of emergency, and is awaiting the implementation of a project for the construction of eight tourist apartments and a commercial space on the ground floor of the building or an apart-hotel. In addition, there is already a developed project for the restoration of the building, including the installation of an elevator, which in the future will significantly increase the cost of the apartments. </span><span style="color: #000000;">Ground floor three commercial premises with an average of 80 sq. m. </span><span style="color: #000000;">First floor three apartments 72 sq.m.on average 180 sq.m. </span><span style="color: #000000;">The second, third and fourth floors include two apartments per floor with an average of 200 square meters. </span><br> <span style="color: #000000;"> </span><br> <span style="color: #000000;"> There is a possibility of completing the fifth floor of the building, which will add almost 200 sq. m. to the total area of ​​the building. The proposed apartment building is located in a bohemian historical area of ​​the city with all the necessary infrastructure. This property is an ideal investment option in residential real estate with high profitability in the city of Valencia, with the possibility of converting the building into a full-fledged mini-hotel or hostel. At the moment the house is in a mothballed state. The apartment building is sold directly by the owner. Bargaining is appropriate, there are no debt encumbrances on the proposed property. </span></p><p style="text-align: justify;"></p><p></p>
Posted at: 27/02/2024
Updated at: 01/03/2024

Location on the map

Spain, Comarca de Valencia, Valencia
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