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Unique Investment Opportunity in Santiago: Residential Project or Up to 18 Tourist Rooms

€495,000
  • 9 Bedrooms
  • ~489 m² Total surface
  • Construction year 1920

Description

Located in the Cornes neighborhood, one of the areas of Santiago de Compostela with the greatest urban development potential and appreciation prospects, this exclusive 489 m² built property is for sale, distributed over three floors (229 m² ground floor and two upper floors of 130 m² each). It stands out for its extensive frontage on a quiet residential street, excellent orientation, and abundant natural light.

Development and Investment Potential:

Hotel / Tourist Option: Feasibility has been confirmed with Santiago de Compostela City Council for the creation of up to 18 tourist-use rooms, making it ideal for hotel or boutique-sector investors.

Residential Option (6 to 8 Homes): Municipal approval of the Basic Project is currently being processed for the construction of 6 apartments with a communal area in the attic. In addition, the adjoining former granary allows for an additional floor to be added, creating an independent duplex and reaching a total of up to 8 homes.

A versatile, highly profitable property, suitable both for residential developers and for investors focused on tourist operations in the Galician capital. Contact us for more information or to arrange a viewing.

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Engel & Völkers Santiago de Compostela

Your advisor: Alberto Valdés López

Property ID: W-02QBQP

Property details
  • Object type

    Terraced house

  • Bedrooms

    9

  • Total surface

    ~489 m²

Energy efficiency information
  • Construction year

    1920

  • Energy certificate available

    In progress

Location: Santiago de Compostela, Galicia

Excellent location in a newly developing area. The surroundings are characterized by new residential developments in areas such as Avenida de Ferrol, Romero Donallo and the Cornes neighborhood itself. The building is accessed via a road primarily reserved for residents, ensuring a quiet environment with very little traffic. The location also offers excellent connections to the rest of the city, thanks to urban transport stopping next to the property and the proximity of all essential services: supermarkets, a health center, pharmacies, cafés and shops. Just 5 minutes from the South University Campus, 10 minutes from Plaza Roja and 15 minutes from Santiago University Hospital, this property has everything needed for a highly sought-after residential project, whether as a primary residence or as a rental investment.

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