€ 72,800
Flat for sale in Pego, Alicante
- 122 m2
Description
Does it make sense to pay the price of a finished apartment… when you can create a customized one with more square meters and greater potential for appreciation?
Most buyers lose money because they buy on emotion.
A smart investor buys potential. And here there is potential.
This 122 m² commercial space is not being sold as just an open area. It is a clear opportunity for transformation with an advantage that many similar projects lack: the layout is already partially conceived and prepared.
Why does that matter?
Much of the wet installations already have a defined structural logic. The floor outlets, drainages, and downpipes already indicate where the bathrooms and kitchen will go. And that reduces time, mistakes, and part of the execution cost.
Here you already have:
• Main structure of reinforced concrete
• Brick enclosures
• Structural columns
• Installed downpipes and PVC pipes
• Partial drainage installation
• Prepared drains
• Completely open space to adapt to your project
What’s interesting?
You can easily imagine:
• 3 bedrooms
• 2 bathrooms
• Open kitchen
• Spacious living-dining room
With a feature that’s hard to find:
Two independent accesses.
One from the street, ideal for an office, consultation, professional studio, or small business. And another from the building for private residential use.
This opens scenarios that other properties do not offer.
Now think about this:
How many renovated apartments do you see on the market today where you cannot change anything and inherit decisions you might not have made?
Here you design the final product according to the actual demand of the area. And that completely changes the operation.
Process for changing the use from commercial to residential
Many buyers think that changing the use of a commercial space to a residence is complicated. When the property meets the urban and technical conditions, the process is clear.
The adjacent mezzanine already has the change of use granted.
The usual process is:
First, you acquire the space. If you need financing, banks often do not grant the same mortgage percentage for a commercial space as they do for a residence. It’s advisable to check the conditions in advance.
Technical project. A technical architect prepares the project for changing the use and adapting it to residential standards in accordance with urban planning and habitability regulations.
Execution of work. The renovation and interior adaptation are carried out according to the approved project.
Completion and legalization. Once the work is finished, the final documentation is processed, and the property deed is modified from commercial use to residential use.
And here is one of the keys: you are not buying an old house to renovate. You are creating a new product tailored to current demand.
Indicative investment scenario
• Modern conversion focused on primary residence or rental
• Approximate renovation cost: €25,000
• Potential long-term rental: high demand in Costa Blanca for modern and spacious properties
Because here the key is not the current state. The key is the difference between total cost and final value.
My recommendation
Before visiting the property, first get to know the area on your own. Walk around the neighborhood and look at services, access, shops, and actual demand. If the environment does not suit you, you may waste time even if you like the property.
If you need financing, check with your bank first to know exactly what budget you can manage.
Turnkey service not included in the price:
• NIE processing
• Opening of a bank account
• Complete legal coordination
• Total or partial renovation
• Startup of tourist rental
Because here you are not just buying square meters.
You are buying the opportunity to create an asset that others still cannot see.
Features
- Flat
- Build Size: 122 m2
- Year Built: 1985
- Energy Efficiency Rating: In Progress