If you are on the lookout for a prime investment opportunity, look no further. This building located on Calle Del Carmen in Cartagena City Centre offers significant potential with a bustling commercial unit and eight residential apartments. This property stands out due to its configuration, allowing for various income-generating possibilities.
The commercial unit spans 876 square meters, which includes an additional 200 square meters of basement space. This kind of size allows for numerous commercial ventures, providing versatility for prospective buyers. On the upper floors, you will find two apartments per floor, ranging in size from 46 square meters to 340 square meters. Each of these units is currently fully occupied, presenting immediate rental income without the need for renovations.
Investment Potential
This property boasts a rental income of approximately 9,000 euros per month, equating to around 106,000 euros annually. Such figures highlight the viability of this investment, making it an attractive proposition for real estate investors in the Cartagena area. With the increasing demand for rentals in urban centers, this property is positioned for long-term financial success.
About Cartagena
Cartagena is rich in history, situated along the Costa Calida in southeastern Spain within the Murcia region. As a key naval base, the city houses a significant portion of the Spanish navy. With a population of around 214,918 as of 2011, it stands as Spain’s sixth non-province capital city. The historical significance of Cartagena dates back to its founding in 227 BC as Qart Hadasht during the Phoenician Conquest.
The port of Cartagena has served as one of Spain’s most critical naval ports since the 16th century. Alongside its naval operations, this port has transformed into a popular stop for cruise liners, attracting tourists year-round. The nearby marina area offers a variety of bars and restaurants, making it an appealing destination for both locals and visitors alike.
Local Attractions
The pedestrian main street is only a short distance from the marina area and showcases a wide array of shops, additional dining options, and entertainment venues. Cartagena is also known for its impressive Art Nouveau architecture and historical landmarks, with the Roman Theatre being a noteworthy site. Visitors can immerse themselves in the city’s extensive historical narrative while exploring these architectural wonders.
One of the city’s hallmark events, the Carthaginians and Romans festival, takes place during the second fortnight of September. This festival dramatizes key moments from the Second Punic War through a series of parades and events over ten days. A visit to the large outdoor camp constructed for this festival reveals a vast range of food and drink options, further enhancing the community experience.
Exploring Further
For those interested in exploring Cartagena more thoroughly, there are numerous activities and sites to discover. From historical landmarks to the vibrant local culture, the city provides a wealth of exploration opportunities. Whether you are looking to settle down or invest, Cartagena offers various paths to consider.
