Investment building in the city center
€1,700,000
- ~2,285 m² Total surface
- ~2,285 m² Living area
Description
This is an entire building of 2,285 square meters with a basement and semi-basement, ground floor plus four floors and a terrace (296, 264, 301, 301, 301, 301, 301, 220 with the terrace).
At a price of 744 euros per square meter, it constitutes a unique investment opportunity. It can be developed into student dormitories, apartments, or generally any use that requires a building of this size.
The building needs renovation and modification.
The building belongs to an investment company that is selling it as a separate company with ownership of the building. In the name of the company and the building, there is an approved loan that could possibly be transferred to the new owner. Additionally, development studies have been conducted on the building with three scenarios:
1. Student housing
2. Hotel
3. Apartments that can be offered for Golden Visa, as the building is externally preserved.
The area is rapidly developing, ensuring very good returns.