New

E&V sells a mixed-use building—apartments and ground-floor retail—with immediate returns, ideal for investors

€1,190,000
  • 3 Bedrooms
  • 6 Bathrooms
  • ~850 m² Total surface
  • ~2,002 m² Plot surface

Description

This excellent investment opportunity is presented: a mixed-use property with 850 m² built on a large 2,002 m² plot, combining immediate profitability, expansion potential, and flexibility for different operating models. The ground floor houses three commercial premises, two of which are currently leased and generating returns from day one. The third unit is vacant and offers significant added value, as it has its own basement and an independent exit to the rear of the building, allowing multiple options for commercial, professional, or storage use.

The first floor is laid out as two independent dwellings: The main home is fully finished and features a functional, comfortable layout: separate kitchen with pantry, large living-dining room, office, three bedrooms—highlighting the master bedroom with walk-in closet and en-suite bathroom—plus another full bathroom and an additional guest toilet. The home has underfloor heating via a Viessmann heat pump, central vacuum system, built-in music system, and pre-installation for air conditioning, providing energy efficiency and comfort, video surveillance alarm, and pre-installation for the elevator. The second dwelling, approximately 90 m², is under construction, offering the future owner the option to finish and configure it as needed: an additional home, residential rental, tourist accommodation, or an extension of existing spaces.

The property also has an open-plan attic level, currently under construction, but already fitted with electricity and water installations, allowing the creation of new living spaces, common areas, or complementary areas.

In the basement are the heating plant room and the water tanks serving both the commercial units and the dwellings, with the possibility of connection to the municipal supply network.

Outside, the property includes a large parking area with capacity for 24 vehicles, complemented by 2 indoor garage spaces, a distinguishing feature that adds value for both commercial and residential use.

The property, with a façade of rough-cut stone masonry—small stones worked by hand one by one by stonemasons—is versatile and has great potential for investors seeking to combine recurring income, development capacity, and multiple operating alternatives in a single asset.

Features
BalconyGarageBuilt in wardrobeGuest toilet
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Engel & Völkers Santiago de Compostela

Your advisor: Alberto Valdés López

Property ID: W-04APWC

Property details
  • Object type

    Investment

  • Bedrooms

    3

  • Bathrooms

    6

  • Floor

    1

  • Garages

    2

  • Parking spaces

    24

  • Total surface

    ~850 m²

  • Plot surface

    ~2,002 m²

  • Flooring

    Tiles

Energy efficiency information
  • Construction year

    2006

  • Energy certificate available

    In progress

  • Type of heating

    Underfloor heating

  • Energy source

    Heat pump

Location: A Lavacolla, Galicia

The location is very good. Lavacolla is a small hamlet in the municipality of Santiago de Compostela; it is one of the last towns pilgrims pass through before reaching Santiago Cathedral, about 10 km away. It is famous for hosting the Lavacolla–Rosalía de Castro International Airport and for its historic Jacobean tradition as the pilgrims’ purification point. The purification ritual is documented in the 12th century in Book V of the Codex Calixtinus: pilgrims would stop to wash their bodies and change into clean clothes before entering the city of the Apostle. Lavacolla is one of the points pilgrims must pass through during the last stage of the French Way; this final stretch coincides with the final stage of the Northern Way and the Primitive Way.

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Engel & Völkers Santiago de Compostela

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