Commercial Space 228 M² Available In Torrevieja, Spain

Market Potential and Rental Income

After making those necessary investments, the average cost for each apartment would range from €75,000 to €80,000. Given current market trends, each unit could potentially sell for a minimum of €135,000. This presents a substantial profit margin for investors willing to see the project through.

If you’re leaning toward rentals, the tourist market in Torrevieja could be advantageous. Depending on occupancy rates, investors could see a return on investment within approximately four years. This provides an enticing scenario where the property can serve as a source of passive income while the market appreciates over time.

Strategic Considerations

Considering the growing interest in tourism, especially in coastal areas like Torrevieja, the strategic options with this property are unbounded. The plan could involve utilizing the space for rentals during the amortization period, which can create cash flow while you prepare for the eventual sale of the individual apartments. This approach may maximize profitability, potentially exceeding 200% in gains.

Local Amenities and Attractions

Another point to consider is the surrounding area. Having a location that is close to amenities enhances its appeal. With various services available, including restaurants, shops, and recreational facilities, the property’s proximity to these services could make it more attractive to potential renters or buyers. The allure of the beach does not hurt either, as many vacationers seek accommodation nearby coastal attractions.

Conclusion on Investment Viability

The opportunity to invest in this commercial property in Torrevieja presents various pathways for making a return. Potential buyers should conduct thorough due diligence, weigh renovation costs against market projections, and analyze rental income potential. With careful planning and execution, this type of investment could yield significant benefits.