340m² commercial premises for sale in Torrevieja,
Torrevieja, Alicante View on the map
Sale
Offer Type
Commercial premises
Premise Type
340 m²
Constructed Area
8
Bathrooms
Description
English
Spanish
Los Frutales, Torrevieja, just 350 meters from the beach. We are looking at a 340 m2 commercial unit with a private 800 m2 plot. The opportunity here lies in the scarcity of ground-floor properties with communal pools and gardens so close to the sea—the most sought-after product for both European tourists and buyers seeking accessibility.Below is the financial breakdown of the project:1. Investment StructureAcquisition Cost: €750,000Full Renovation (8 units): €238,000 (340 m2 x €700/m2)Closing Costs (Taxes, Licenses, Notary - est. 12%): €90,000Total Estimated Investment: €1,078,0002. Scenario A: Unit Sales (Development)The asset will be divided into 8 apartments of approx. 42 m2 each, with direct access to common areas and the pool. In the Los Frutales area, the average price for new builds or high-end renovations for this product type is around €2,620/m2.Estimated Sale Price per Unit: €165,000 (adjusted for plot/pool value).Total Sales Revenue: €1,320,000Estimated Net Profit: €242,000Return on Investment (ROI): 22.4% within a 12-18 month cycle.3. Scenario B: Vacation Rental (Cash-Flow)Torrevieja is a high-turnover market. A renovated apartment near the beach in this area generates between €400 and €600 per week during high season.ConceptAnnual Estimate (8 units)Gross Income (65% Occupancy)€115,000 / yearOperating Expenses (Maint., Mgmt, Utilities)€34,500 (30%)Net Operating Income (NOI)€80,500 / yearNet Annual Yield: 7.46%Note: This yield is significantly higher than the traditional market average (4-5%) due to space efficiency, the added value of the pool, and proximity to the beach.ConclusionThis is a \"buy wholesale, sell retail\" opportunity. The location in Los Frutales guarantees an exit strategy. A hybrid model is also viable: selling 4 units to recoup the initial capital while keeping the remaining 4 for rental to generate growing passive income.
Show more About the property
Offer Type
Sale
Premise Type
Commercial premises
Built Area
340 m²
Land Area
800 m²
Bathrooms
8
Potential Businesses
-
Residential
Additionally
-
Swimming pool
Nearby
- Beach
Do you need a mortgage?
Address
Torrevieja, Alicante