Commercial for sale in Oviedo, Asturias

Entire building or strategic plot in the best commercial location in San Claudio.
A single asset. Two major investment strategies: rehabilitate the entire property or develop the plot.
Opportunity aimed at investors, developers, builders, and specialized professionals in property transformation and value enhancement.
The entire building for sale is located in the best commercial position in San Claudio, with outstanding visibility and a strategic setting for a residential, commercial, or mixed-use project.
The property comprises two homes, two ground-floor commercial units, three adjoining commercial premises of high commercial value, and a roof in good condition.

First home: has three bedrooms, a kitchen, a bathroom, and an exterior balcony.
Second home: has four bedrooms, a living room, a kitchen, a bathroom, a small storage room, an annex enclosure to the kitchen, and an exterior balcony.

Two ground-floor commercial units: the lower floor houses two independent premises with possibilities.
Three adjoining commercial premises of high commercial value.

Two investment alternatives:
The property allows for full or phased rehabilitation, separately exploiting the homes, the ground-floor units, and the adjoining premises to diversify income.
Alternatively, demolition of the building and full use of the plot can be studied. Its exceptional commercial situation offers an attractive option to develop a new residential, commercial, or mixed-use development.

In addition, a consultation with the City Council has already been initiated to determine the maximum height and permitted buildability in the area. There is a possibility that one, or even two additional floors, may be incorporated compared to the current ones, which would significantly increase development potential, usable area, and the final value of the asset. This option is pending municipal confirmation.

Condition and utilities:
Currently, the property has no water or electricity supply.
The roof is in good condition, reducing one of the main economic risks associated with acquiring and rehabilitating an entire building.

Price: 300.000€
ITP: 24.000€