description

Building in the center of Ferrol High profitability and great residential potential Unique investment opportunity in the heart of Ferrol, one of the areas with the highest residential and rental demand in the city. Building currently with commercial use, with the possibility of changing to residential use, ideal for comprehensive renovation and development of several homes for sale or rent. Building characteristics Ground floor + 2 floors Urban planning possibility to add an additional floor Solid structure, with excellent quality wood (reduction of structural costs) Optimal distribution for segregation into independent homes Development potential Ground floor Currently fitted out as a bar/restaurant. Possible conversion into: Premium loft-style home Or maintenance as a commercial premises to generate stable income First floor Completely open-plan space, ideal for: Spacious 2-3 bedroom home Covered terrace, a highly sought-after feature Attic Thanks to its great height, possibility of: Developing an atypical-style home High market value Expansion possibility Option to add one more floor, reaching: 3 to 4 homes + commercial premises Direct increase in the asset's final profitability Estimated profitability (indicative) Rental of housing in the center of Ferrol: €700 – €1,000 / month per unit Total income: €2,500 – €3,500 / month Estimated gross profitability: 6% – 9% High demand for residential rentals and renovated housing Added value for investors Prime location Flexible use: residential + commercial High appreciation after change of use Scalable project Ideal for asset investors and developers Asset with solid fundamentals, strategic location, and excellent profitability projection Perfect for a safe investment with potential. I am Alberto and I will be delighted to find you the best profitability and your security. Vipkel consulting services - the only Galician and Spanish agency awarded by: • Award for Excellence. Cex. • Construction and Housing Award. La Razón. • Real Estate Services Innovation Award. El Suplemento. • Record sales for a new company in quality and growth at European level. The European Award 2022. • 2024 Award for Best Innovative Franchise Model Results and continuous work are what differentiate us. We work with a model focused on the satisfaction of sellers and buyers throughout the investment process. This advertisement is not binding and may contain errors. It is shown for informational purposes only and is not contractual.