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HIGH-YIELD REAL ESTATE INVESTMENT OPPORTUNITY IN TORREVIEJA – OVER 25% RETURN

Exclusively for property developers and investors. For sale: a building at an advanced stage of construction, located in a highly desirable area of Torrevieja, opposite a park. Plot area: 167.81 m². Total existing built area: 726.72 m².

Corner Building with Approved Project, Municipal Fees Paid and Multiple Development Opportunities

We present an excellent real estate investment opportunity with an estimated return of over 25% in the heart of Torrevieja. This multi-storey corner building, already constructed, comes with approved technical project documentation and significant potential for the development of an attractive residential project.

INVESTMENT PROJECT PRICE: €880,000

The property comprises a ground floor and three upper floors, offering excellent opportunities for reconfiguration and optimisation of the existing space. According to the proposed development concept, the building could potentially be converted into 8 to 12 residential units, subject to technical and urban planning feasibility and the necessary administrative approvals.

INVESTMENT FINANCIAL ANALYSIS

According to the feasibility study provided:

Estimated total sales revenue: €3,236,200
Estimated total investment costs: €2,460,578
Estimated developer profit: €775,621
Estimated return on cost: 31.52%

LOCATION: Calle La Paz 117, Torrevieja (Alicante), Spain

KEY PROPERTY FEATURES

Acquisition price: €880,000
Plot area: 167.81 m²
Existing built area: 726.72 m²
Potential total built area: 976.40 m²
Proposed extension: approximately 250 m²
Proposed development: 12 residential units
Potential building height: ground floor + 5 upper floors, including a setback penthouse
Original building permit granted in 2009, with the possibility of submitting a modified project, subject to municipal approval

IMAGES OF THE CURRENT CONDITION

WHY INVEST IN THIS PROPERTY?

Established urban location. Excellent position in a city with an active property market and residential demand. Advanced construction stage. Much of the structural framework and external walls have already been completed. Expansion potential. A studied opportunity to increase the total built area to approximately 976 m². Flexible residential development. Possibility of creating apartments of different sizes and layouts. Attractive potential developer profit. The investment is supported by a detailed financial feasibility study and a proposed architectural development strategy.

This is an opportunity to acquire an existing property with completed construction works, expansion potential and the possibility of developing a residential project comprising up to 12 units. Request the complete investment dossier, architectural drawings, financial feasibility study and technical documentation.

The indicated profitability is an estimate and is not guaranteed. The proposed 12 residential units, building extension and modification of the existing permit are subject to the relevant technical and urban planning approvals.

AN OPPORTUNITY FOR FORWARD-THINKING INVESTORS

If you are looking for a property with development potential in one of the most dynamic cities on the Costa Blanca, this asset deserves serious consideration. The combination of an existing building, a central location, approved technical documentation and the possibility of creating multiple residential units makes this an attractive opportunity to assess potential returns and establish an investment strategy.

An opportunity to transform an existing building into a residential development with multiple possibilities in the centre of Torrevieja. For further information about the property, available documentation and development opportunities, please contact us.