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Prime investment opportunity in central Torrevieja, just 600 meters from the seafront. This three-story property offers 92m² of space spread over three floors, perfectly positioned in a busy central area with excellent visibility and foot traffic.
The first floor is a spacious single room, ideal for living or commercial adaptation. The second floor is divided into two rooms and a bathroom, offering flexibility for bedrooms, offices, or workspaces. The top floor features a terrace and an additional room currently used as a kitchen, providing outdoor space and scope for creative use.
While currently residential, the property offers significant potential to convert into a café, shop, office, or other commercial premises (subject to obtaining the necessary licenses). There is also the possibility to extend the property, making it a prime investment or renovation project.
This property requires renovation throughout, allowing the buyer to design and modernize to their own specifications. With its central location, proximity to the seafront, and versatile layout, it represents a unique opportunity for investors or entrepreneurs in Torrevieja.
For more informtion about this investment opportunity in central Torrevieja, just get in touch!
Property Features
- 2 bedrooms
- 1 bathroom
- 92m² Build size
Costing Breakdown
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.
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In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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