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Seize this exceptional opportunity to invest in a nearly complete building, comprising a ground floor plus two additional stories. Located in the highly desirable El Cabanyal neighborhood, this property offers private access and a prime location, making it an outstanding investment for residential or commercial purposes.
Property Features:
Ground Floor (83 m²): Currently licensed for restaurant use, this versatile space can be easily reverted to its original residential purpose. The adjacent ground floor unit maintains its residential use, providing flexibility for future tenants. The potential for both business and residential use is immense.
First Floor (112 m²): Spacious and luminous, featuring two double bedrooms, a complete bathroom, and a large kitchen with direct access to an expansive terrace. The terrace also leads to a generously sized storage room, combining comfort and functionality, perfect for family living.
Second Floor: This floor is divided into two updated and well-maintained units:
Unit 1 (56 m²): Includes three bedrooms, a complete bathroom, and a kitchen.
Unit 2 (46 m²): Also includes three bedrooms, a complete bathroom, and a kitchen.
Both units offer excellent rental income potential, whether for long-term residential leases or mid-term rentals.
Orientation and Ventilation: The building boasts an East-West orientation, ensuring optimal cross-ventilation that provides natural brightness and freshness throughout the day.
Prime Location: Situated in the heart of El Cabanyal, one of Valencia's most authentic and rapidly growing neighborhoods. This prime location is just steps away from pharmacies, supermarkets, the famous Mercado del Cabanyal, schools, and offers excellent public transport connections, including nearby EMT stops and Renfe and metro stations.
Additional Features:
300 m² of built space
Building without tenants
Good overall condition
This building represents a unique opportunity for investors or those seeking a versatile home in a highly sought-after area. Don't miss out on this prime investment opportunity—contact us today to schedule a viewing and explore the potential this property holds!
This listing is informational and non-contractual; it may contain errors. Expenses and taxes are not included.
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Property Features
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- 6 bedrooms
- 6 bathrooms
- 324m² Build size
- 170m² Plot size
- open terrace
- storage room
- mixed building
- construction year: 1915
- orientation: Este
EPC Rating
| Energy Rating Scale |
|---|
| A |
| B |
| C |
| D |
| E |
| F |
| G |
Costing Breakdown
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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Mortgage Result
* The information above is provided by The MHI Group and displayed as a guide only. Individual circumstances could change the rate we offer for a mortgage. Please click the link below to get a personalised quote.
Spanish Property News & Updates by Spain Property Portal.com
In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.