Commercial property in Torrevieja, Alicante, Spain 228 sq.m. No. 183565

Property description

PROFITABLE INVESTMENTS. A COMMERCIAL PROPERTY FOR SALE FOR 5 TOURIST APARTMENTS 250 M FROM THE BEACH IN TORREVIEJAWe have for sale large commercial property of more than 220 m² just 250 meters from "Playa de Los Locos" in Torrevieja and very close to all services. The geometry and surface of this magnificent commercial ground floor allows it to be converted into 5 individual homes or tourist apartments. The estimated cost of conditioning and renovation work would be €750 - €800/m². After all the investments and expenses, the average cost of each home would be €75,000 - €80,000, with its sales value on the insured market being a minimum of €135,000. In the case of tourist rentals, the investment amortization period taking into account the average degree of occupancy would be up to 4 years. The best option: exploit it during the amortization period and then sell the apartments separately, profitability more than 200%.