Singular Investment Opportunity Prime Oceanfront Property, Castro Urdiales

Engel & Völkers presents a unique investment opportunity: a 3,820 m² urban plot with an existing 1,203 m² building, located in Allendelagua, Castro Urdiales, in the La Tuera neighborhood, offering priceless views of the Cantabrian Sea. This strategic location holds great potential for tourism and hospitality projects, especially with the new government initiatives to promote tourism in Cantabria. A restaurant-brewery project was previously approved, further highlighting its suitability for such businesses. Currently, the plot is classified as consolidated urban land under the PGM of 1996 and designated under Municipal Ordinance No. 7: Single-Family Housing (Grade 4). An administrative process for a change of use is required in coordination with the City Council and the Regional Government, considering its status under the 1988 Coastal Law. Key Features: - Prime seafront location. - 3,820 m² of land with an existing 1,203 m² building. - Potential for a restaurant, hospitality, or rural tourism project, subject to urban planning approvals. - Possibility for hotel or residential development, in accordance with urban planning parameters. - A unique investment opportunity in a growing tourist area. For more details on urban planning conditions and potential developments, contact us today. Don’t miss out on this exceptional opportunity in one of Castro Urdiales’ most sought-after locations!