EXCLUSIVELY. HISTORIC BUILDING FOR SALE IN THE OLD TOWN OF CANGAS DE MORRAZO. LEASED PREMISES. POSSIBILITY OF HOSTEL/APARTMENTS.

Price

• Sale: 1.000.000 €

Description

Villaverde Real Estate exclusively offers a stone building in the old town. EXCLUSIVE LISTING. FOR SALE: HISTORIC BUILDING IN THE OLD TOWN OF CANGAS DE MORRAZO. TENANTED COMMERCIAL SPACE. POTENTIAL FOR HOSTEL/APARTMENTS. Inmobiliaria Villaverde exclusively offers a stone building in the old town, with two street facades, a commercial space generating rental income from day one, a rear plot, and the possibility of an additional apartment. Suitable for renovation as a hostel/guesthouse or apartments. What sets this apart from similar opportunities: the commercial lease remains active from the very first day of construction, significantly reducing financial risk during the building works. The area has limited hotel supply and sustained tourism growth. Direct ferry connection to Vigo in 20 minutes; and boat access to the Cíes Islands. RENOVATION PROJECT · HOTEL INVESTMENT OPPORTUNITY Old Town of Cangas de Morrazo · Rías Baixas · Galicia THE PROPERTY Historic building with three floors, two street facades and a rear plot. Ground floor commercial space currently let on an active lease. GUARANTEED INCOME FROM DAY 1 The commercial space generates annual rental income throughout the full renovation of the building. The investor receives income from the first day, without waiting for the project to be completed. DEVELOPMENT POTENTIAL The property lends itself to full renovation for use as a hostel/guesthouse or apartments. With the right layout, between 6 and 9 units are achievable. An interior courtyard for natural ventilation and a lift are planned. STRATEGIC LOCATION Cangas de Morrazo has over 35 beaches, a ferry connection to Vigo in 20 minutes, and boat access to the Cíes Islands. Hotel supply in the area remains limited. For more information or to arrange a viewing, please contact us via WhatsApp at 640 15 95 44 or visit our office at Montero Ríos no. 23, Ground Floor. We look forward to helping you find your next investment.

Surface - Rooms

• Surface: 344 m²
• Groos floor area: 344 m²
• Terrace:
• Land: 368 m²
• Rooms: 5
• Bathrooms: 1
• Toilet: 1

More info

• Balcony
• Garage
• Furnished
• Barbecue

Situation

36940 CANGAS