Apartment Donostia San Sebastián Spain

VT — apartment with an active, in-force tourist licence — Parte Vieja (Old Town), San Sebastián.
Demonstrable turnover: 60,000 € gross per year (approximate expenses: 10,000 €). More than 30 years operating as a licensed tourist rental. 6% yield.
Located in the iconic Parte Vieja of Donostia, next to the port and just minutes from Plaza de la Constitución and La Concha beach. Set on a very quiet street, within one of the areas of highest tourist demand in the city.
An excellent opportunity for investors seeking an established asset with a proven track record. The home has an active tourist licence for 5 guests and a continuous trading history of more than three decades.
The property has 90 m² built, laid out over 3 bedrooms, and comes fully equipped and furnished, ready to continue operating immediately, with the corresponding transfer of the licence to be processed in the new owner’s name.
In addition, the property is owned by a company, so the transaction could potentially be structured as a VAT-subject acquisition — an aspect of particular interest to certain types of investors.
Electric heating and hot water via an individual gas boiler.
Low community fees (60 €/month).
A classic building in San Sebastián’s Parte Vieja, with a stone façade and timber structure, with no pending or planned works. The apartment is on the second floor, with a lift.
This is a genuinely turnkey investment: an operating tourist licence with a documented multi-decade trading history is an increasingly scarce and valuable asset in San Sebastián, where new licences are extremely difficult to obtain.
Buyers looking for immediate rental income, rather than a renovation project, will find here a fully equipped apartment that can continue generating revenue from day one, in one of the most tourist-demanded streets of the Old Town.
The potential VAT-subject structure adds further flexibility for corporate or professional investors evaluating the acquisition.
The building itself requires no immediate investment, with no works pending or planned, so the purchase price reflects a genuinely stabilised, low-maintenance asset.