Commercial property in Valencia, Spain, 1 145 sq.m

For sale is a five-storey building (4 floors+ ground floor), located in the very center of the historical part of Valencia. The total area of the building is 1,145 sq.m. and it is located on the most promising area of the city center, where large economic growth is expected in the near future, including an increase in real estate prices. At the current stage, the building is in a semi-preserved condition, but not an emergency one, and is awaiting the implementation of a project for the construction of eight tourist apartments and a commercial space on the ground floor of a building or an apartment hotel. In addition, there is also a developed project for the restoration of the building, including the installation of an elevator, which will significantly increase the cost of apartments in thend floor three commercial premises with an average of 80 first floor has three apartments of 72 sq.m. an average of 180 second, third and fourth floors include two apartments per floor with an average of 200 sq.m.

It is possible to complete the fifth floor of the building, which will add almost 200 sq.m. to the total area of the building. The proposed profitable building is located in the bohemian historical district of the city with all the necessary infrastructure. This facility is an ideal investment option in high-profitability residential real estate in the city of Valencia, with the possibility of re-registering the building as a full-fledged mini-hotel or hostel. At the moment, the house is in a preserved state. The profitable building is sold directly by the owner. Bargaining is appropriate, there are no debt encumbrances on the proposed property.