Engel&Völkers sells property in the centre of Santiago for hotel and parking use

The building is a historic warehouse in the city dating from 1945 in which a family from Santiago de Compostela developed their business for more than seventy years and occupies the whole of a plot which according to cadastral data is 1608m2, with 60m of frontage. It has a licence in force granted by the City Council of Santiago for the construction of a hotel and parking for 139 cars. The plot has all the services such as water supply, electricity supply, telephone supply and road access by public road, Gómez Ulla street. The city of Santiago receives thousands of visitors every year, who either for leisure, professional congresses, work, etc. look for hotels in the city centre, so the demand for hotel places is increasing and above all the demand for parking spaces. It is a property of undoubted interest for investors.