Commercial property in Valencia, Spain, 4 600 sq.m

For sale a seven-storey building (6 residential floors + 1 floor with atico apartments and a terrace) in the residential area of Campanar, near the new stadium of the Valencia football club. The proposed building was built in 1965, with a facade on two pedestrian streets, is located in a busy area with all necessary infrastructure. The total area of the facility is 5,000 sq.m., 40 apartments. The specified area includes the first floor (400 sq.m.), where it is potentially possible to locate a hostel or a mini-hotel, the rest of the apartments can be rented out on long-term terms on good terms. The building is in a preserved state and needs only cosmetic repairs of the apartments themselves, and there is also an elevator in the building. The apartments on the top floor have a huge terrace with a nice view. The cost of renting apartments after their cosmetic repairs will be at least 800 €/month, and the repair of all apartments (4,600 sq.m.) will be 250 €/sq.m. taking into account the above-average quality. It is also possible to purchase commercial premises of the building located on the 0 floor of the building being sold. The proposed property is located in a quiet residential part of the city of Valencia with all the necessary infrastructure. This building is an ideal option for investing in profitable real estate in Valencia with the aim of further operation as an apartment building, hostel. There are no debts and other financial encumbrances on the object.