Full Building for Sale in Cartagena City Centre

Check out this notable property located in Calle Del Carmen, right in the heart of Cartagena. This building includes 8 apartments and 2 properties per floor, along with a commercial unit spanning 876 square meters and an additional 200 square meters of basement space. Each apartment varies in size, offering options from 46 to 340 square meters. The building is ready for immediate use, as it requires no renovation.

One impressive feature of this building is its current occupancy status. With a monthly rental income of approximately €9,000, the annual earnings add up to about €106,000. This consistent income stream can be an attractive prospect for investors looking for property in a busy market.

Exploring Cartagena

Cartagena is a city rich in history and architectural significance, situated on the Costa Calida in southeast Spain within the Murcia region. This area is known for being a prominent naval base, with the navy controlling a substantial portion of the city and its port. As Spain’s sixth-largest non-province capital, Cartagena had a population of around 214,918 in 2011.

Dating back to about 227 BC, Cartagena was initially established as Qart Hadasht during the Phoenician Conquest. The city has played a critical role in Spain’s naval history since the 16th century, as its port has been one of the country’s key naval ports. The port area is notable not only for its strategic military importance but also as a popular stop for cruise ships, making it an engaging spot for tourists.

What to Do in Cartagena

The port and marina area are definitely worth visiting. With numerous bars and restaurants, it offers a vibrant atmosphere. It is just a short walk to the main pedestrian street, where visitors can explore even more shops, dining options, and entertainment venues. Among the city’s Art Nouveau architecture, you can find significant landmarks such as the Roman Theatre, which highlight the deep historical roots of the region.

In addition to its historical landmarks, Cartagena is famous for its Carthaginians and Romans festival, which takes place in the second half of September. This exciting event lasts for ten days and showcases parades and activities that celebrate the city’s historical heritage, particularly concerning the Second Punic War. One of the festival’s highlights is the large outdoor camp constructed specifically for the event, where you can find a wide range of bars and restaurants.

Investment Potential

With a thriving local economy and a steady influx of tourists, investing in property in Cartagena could present various opportunities. The current rental income of €9,000 per month indicates strong demand for both residential and commercial rentals in this area. Understanding the local market trends can provide deeper insights into making informed investment decisions.

Whether you are considering this full building purchase as a permanent residence, rental property, or commercial venture, Cartagena offers a unique combination of historical significance and modern amenities. This makes it an appealing prospect for anyone looking to invest in real estate in Spain.