Town Centre Investment Opportunity

525,000€

Description

A fantastic opportunity to secure a three story building right in the heart of Torrevieja.

This property comprises of three floors, each of 120 sq m. The property also has a 120 sq m solarium.

This building is currently utilised as two 3 bedrooms apartments on the first and second floors, the ground floor is a retail premises, currently rented and accruing a regular rental payment.

Each apartment is 120 sq m and consists of 3 good sized double bedrooms, an independant kitchen, a good sized living room as well as a laundry area and large bathroom.

The property is located right in the heart of Torrevieja shopping area, is close to all amenities and just 150 metres from the sea.

 

This property presents a number of opportunities. It can be left in its current configuration and utilised as an investment, using the two apartments as a combination of holiday/rental apartment. It could also be converted into a large 3 bedroom property, converting the two existing apartments to suit and conversion of the retail unit into a garage area. It also presents a development opportunity as most other properties in this street are built to 4-5 storeys high.

Torrevieja is a seaside city and municipality located on the Costa Blanca in the province of Alicante, in south-eastern Spain.

Torrevieja boasts over 300 days sunshine each year.

Torrevieja lies about 50 kilometres south of the city of Alicante and has a population of 105,000 (2012).

Torrevieja was originally a salt-mining and fishing village as it is located between the sea and two large salt lakes (Las Salinas), which give Torrevieja a healthy microclimate.

Torrevieja is a popular holiday destination for all Europeans including the Spanish, boasting blue flag beaches, excellent shopping areas, bars & restaurants.

It has an appeal to all age groups.

Well connected by road and an excellent local bus service is just a short walk away.

The famous La Zenia Boulevard shopping mall is a 15 minute drive away and will rival any shopping centre anywhere!

Location

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