Townhouse for sale in Arenal, Javea / Xàbia, Alicante

Just 100 metres from the fine sandy beach and the popular promenade of Playa de Palma is this versatile building with a project submitted for conversion into up to 31 micro-apartments.

The property is located in El Arenal, right on Balneario 3 - one of the most sought-after areas of the Playa. The surrounding area is urban and touristy: restaurants, supermarkets, pharmacies and numerous service providers are located in the immediate vicinity.

The building, which dates back to 1963, has a solid structure and has successfully passed the technical building inspection (ITE). An application has been submitted to the municipality of Palma to convert the building into residential space and planning permission is expected towards the end of the year.

Areas and structure:

Plot area: 437 m²

Total construction area: 1,725 m²

Distribution over 5 levels:

Basement: currently commercial basement - option for underground car park

Ground floor: commercial unit

& 2nd floor: currently storage rooms - intended for residential units

Top floor: currently storage - conversion to residential unit possible

Goods lift and central staircase

Several balconies and sea views from the top floor

Utilisation potential:

Submitted project for up to 31 micro-apartment units

Combination of residential and commercial space

Central location in a sought-after area with high demand for living space

Versatile property with development potential

Special features:

Only 100 metres from the beach

Good connections to Palma city centre and airport

Rare opportunity for residential development near the sea

Sea view from the top floor

Project already submitted to the city of Palma

Conclusions:
An attractive project for investors and project developers looking for a property with development potential in a top location. The proximity to the beach, the versatile usability and the ongoing authorisation process offer a solid basis for a future-oriented residential project with urban flair.