Edificio O Grove

Excellent investment opportunity in the center of O Grove. A 4-story building is for sale with an approximate built area of 1,403 m2 on a 531 m2 plot. The property stands out for offering immediate profitability and significant urban development potential for developers, investors, or individuals.

The building has a 14-meter facade and is distributed as follows:
- Basement (-1): Used for parking, it has enough space to accommodate 17 parking spots, a highly demanded asset in the town center. This floor also houses a large cellar and the boiler room.
- Ground floor (Street level): Features a spacious commercial space of approximately 470 m2, open-plan with multiple possibilities. It is currently rented and fully operational, generating high demonstrable returns.
- First floor (Residence): With independent street access, there is a large and bright apartment. It includes 4 bedrooms, 2 bathrooms, a very spacious living room, a kitchen equipped with a dining area, and two balconies facing the main street.
The main attraction of this floor is its fantastic private terrace of over 200 m2. This outdoor area offers the possibility of urban development, allowing the construction of an additional dwelling.
- Attic floor: Currently configured as an office or extra bedroom and a large attic storage area. It is an open and unused space with technical feasibility to build another independent floor.

Exploitation and development possibilities:
This property represents a highly versatile investment option:
- Comprehensive investment: Maintain the commercial lease, market the parking spaces, and rent out the first-floor residence, either traditionally or as a tourist rental.
- New development: Opportunity to maximize buildable area according to the current urban planning, constructing new units on the terrace and developing the attic.
- Mixed use: Live in the first-floor residence while earning passive income from the other units.
- Tourist sector: Due to its prime location in O Grove, it is an ideal building for creating tourist apartments or a hotel project.

Basic features:
- 4-story residential building
- 1,403 m2 built (approx. 1,100 m2 usable)
- Main residence with 4 bedrooms and 2 bathrooms
- 200 m2 terrace and balconies
- 17 parking spaces included in the price
- Cellar and storage room
- Second-hand / good condition
- Year built: 1965