Description
Sale profitable residential building in Valencia.
The five-storey building is located (4 residential floors + 1 floor with a spacious commercial space) within walking distance from the historic center of Valencia, in a quiet, well-maintained area of La Pechina.
Due to its advantageous position, this building can be used as a profitable house with tourist apartments or apartments for long-term rent.
The proposed building with a facade that faces two large pedestrian streets at once is located in a busy area with all the necessary infrastructure for living. The total area of the object is 814 m2.
This area includes the ground floor with a spacious commercial space that can be leased, as well as 8 apartments (2 apartments per floor) of about 70 m2 each.
These apartments after the repair and possible redevelopment can be rented out in a long-term or tourist rental on very good conditions.
The building is in excellent condition, but the object requires redecoration for subsequent operation. The cost of renting apartments with similar characteristics after their redecoration will be at least 1000 € / month (with long-term lease).
This building is an ideal option to invest in profitable real estate in Valencia for the purpose of further exploitation as a profitable house, hostel or mini-hotel.
There are no debts and other financial burdens on the object.
Our company cooperates with professional architectural offices in Valencia and is ready to provide any assistance in conducting an independent audit, drawing up repair estimates, as well as in carrying out the repair itself.
Offered for sale building for the development of the hotel business in Valencia is the ideal option for the beneficial purchase of commercial real estate in Valencia for the subsequent registration of the investor’s golden visa.
Additional information is available on request.