Availability and prices
Property
Description
This is a great investment opportunity that brings an entire building at the entrance of Tortosa to the market. It is composed of three large apartments with views through fabulous bay windows and a commercial premises on the ground floor that is divided into a large patio/garden area and covered area. Each apartment has a floor area of 89.5m2, while the first-floor apartment enjoys a generous outside terrace. There are three bedrooms in each apartment, bathroom, separate kitchen and a 40m2 light filled open living area. This is a renovation project but each apartment varies in terms of its condition so the cost of renovation will vary for each unit. The asking price of €245,000 for the entire building makes the resale value very attractive. Based on a conservative €1342 per metre square ((coefficient of the market) the resale value per unit comes to €120,109 and returns a figure of €360.327. This does not take into account the ground floor development, which depending on the commercial use it is put to, could generate upwards of €100,000 more. There also exists the possibility of building upwards and creating another three apartments thus maximizing the overall return on investment. The apartment block being a corner unit is therefore very flexible in terms of its development potential.
Map and distances
€225,000