In the historic city centre of Pontevedra, we find this excellent investment opportunity to acquire a building near the essential plazas in the area. The building, built-in 1998 and renovated in the last couple of years, benefits 4 residential apartments and 2 retail spaces. Each apartment offers its living and dining area, eat-in kitchen, 2 bathrooms and 4 bedrooms.
The top floor penthouse is a studio apartment, with one bedroom, bathroom and an open layout living room.
Located on a quiet street and situated in the most important areas of the historic city centre, close to the most important plazas, where you find the fashionable tapas bars and restaurants.
The property can be purchased to lease out individually, making it a good income generator. There is also the possibility of making this property into a small boutique hotel. Planning and permissions would need to approve by the town hall. The property currently does not have a lift, but there is a light shaft in the centre of the building where a lift can be added.
The apartments can be sold separately in the future or as a package.
It would be ideal for an investor to purchase and lease out all the spaces to a large family looking to move into the city centre, each with their own space.
Also, it can be of interest to an entrepreneur or a business looking to convert this property into a small hotel business. The area is well known for the Camino Portugués, which passes through the city centre of Pontevedra.
Please contact Lucas Fox for further details.