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Stone building facade with a black door, open entryway, and white windows featuring decorative iron railings.

E&V sells two properties, an apartment and a commercial unit on Franco Street, Santiago de Compostela

€890,000
  • ~211 m² Total surface

Description

.A real estate complex is offered for sale located on the well-known Franco Street, one of the city’s most emblematic thoroughfares, noted for its commercial and hospitality activity and its constant flow of both residents and visitors. The lot comprises a 133 m² commercial premises, currently leased to a fully operating business and holding a hospitality license. The lease is under an old-rent contract, close to expiry, which opens up attractive possibilities for repositioning and future value enhancement of the asset.

The property is completed by a dwelling on the first floor, with an approximate area of 78 m² and residential use. It is a property with strong potential for updating and reconfiguration, ideal for refurbishment and for adapting it to new uses or needs. Due to its strategic location, the combination of commercial and residential use, and the potential transformation of the whole, this property represents an excellent opportunity both for long-term investment and for developing a distinctive project in the historic heart of Santiago de Compostela.

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Engel & Völkers Santiago de Compostela

Your advisor: Cristina Novoa

Property ID: W-04AF9Y

Property details
  • Object type

    Flat

  • Total surface

    ~211 m²

  • Building restrictions

    Front of Building Monument

Energy efficiency information
  • Construction year

    1925

  • Energy certificate available

    In progress

Location: Santiago de Compostela, Galicia

Its location on Franco Street, one of the busiest areas, for both locals from Santiago and pilgrims and tourists. Rúa do Franco concentrates much of the gastronomic offer of the historic quarter. Its restaurants inherit the legacy of the medieval tavern keepers who settled there to serve the pilgrims (the “Franks,” understood either as any pilgrim arriving via the Pyrenees, as “free men,” or as the “Frankish Nation”) who gave this street its name. Many of its houses still preserve, carved in stone, symbols such as the scallop shell, which identify them as properties of the Cathedral Chapter of Santiago, the tree—the symbol of San Martiño Pinario—or the five stars of the coat of arms of the University of Santiago. Its students established for nightlife the “Paris–Dakar rally,” a legendary nighttime route that began and ended in the bars of those names. A property on this street is an investment opportunity in one of the most emblematic and busiest locations in the historic quarter of Santiago de Compostela.

 

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