Apartment Of 195 M² In Torrevieja, Spain

First Floor Details

Moving up to the first floor, you’ll find it has its own separate entrance. This is a good feature that adds to the property’s versatility and potential value. This floor has a built area of 92 square metres. In addition to the main living space, there’s a small storage room that’s 3 square metres. A notable feature of the first floor is the substantial private solarium, which covers 90 square metres. This outdoor space is perfect for enjoying the local climate. The first floor itself was last renovated in 2007. It currently includes three bedrooms and one bathroom, plus an area that functions as a utility space or gallery. This floor offers a comfortable living standard and has room for future updates or modernisations.

Investment and Purchase Options

The building is situated in an area that’s already well-established and has all the necessary services easily accessible on foot. This kind of location tends to mean there’s consistent demand, whether for renting out the property or for reselling it after any development work. There are a few ways you can buy this property. You could buy both the ground floor and the first floor together. Each unit is priced at €300,000, making the total for the entire building €600,000. This option would be particularly appealing to people looking to develop the property or to investors. Another option available is a part-exchange. In this scenario, the price would be €320,000, and the buyer would also need to provide one residential unit from a future development project that they are carrying out. This is presented as a significant chance to undertake a property development project in a highly sought-after part of the Costa Blanca, with the potential for an increase in the value of the investment over time.