Historic building with great investment potential in the heart of Orihuela

Description

Unique opportunity to acquire an entire building for redevelopment right in the historic centre of Orihuela, located on the emblematic Calle Ramón y Cajal (Calle Mayor), next to the Cathedral and surrounded by all amenities, shops and cultural areas of interest.

The property currently features commercial premises on the ground floor and several residential floors, offering multiple renovation and real estate development possibilities. Thanks to its prime location and urban planning characteristics, this property represents an excellent investment for both developers and investors seeking high returns in one of the city's most charming areas.

According to an urban planning and architectural study carried out, the building allows for:

Ground floor intended for commercial premises and parking

Two residential floors

Set-back penthouse

Possibility of developing several spacious dwellings or multiple flats

South- and north-facing façades, with views towards the river and the Cathedral

Key features:

Approximate built area: 735 m²

Approximate floor area per storey: 250 m²

Listed building with general protection status

Ideal for a residential project, holiday apartments or a mixed residential-commercial building

High-demand area with significant heritage value

An exclusive property with enormous potential for capital appreciation in a strategic location within Orihuela's historic quarter. Ideal for developing a unique project full of character and personality.

BUILDING CHARACTERISTICS

Terraced building between party walls with south (river) and north (cathedral) facing façades

Cadastral plot area: 263 m². Cadastral built area: 735 m²

Estimated actual plot area: 250 m²

Flat topography within an urbanised setting and right in the historic centre of Orihuela.

Commercial premises on ground floor, 2 residential floors and roof level.

Estimated dimensional characteristics:

Ground floor intended for access, premises-parking = 250 m²

1st floor intended for residential use with courtyard and staircase-lift = 250 m²

2nd floor intended for residential use with courtyard and staircase-lift = 250 m²

Penthouse floor with 3m set-back intended for residential use with courtyard and staircase-lift = 200 m²

Absence of basement due to access difficulties and presence of water table.

Requirement for a prior favourable Coastal Authority report for licence approval

Characteristics regarding use:

Ground floor: Premises-parking approx. area: 200 m²

1st floor: 2 flats approx. area: 100 m² or 1 dwelling approx. area: 200 m²

2nd floor: 2 flats approx. area: 100 m² or 1 dwelling approx. area: 200 m²

Penthouse floor: 2 flats approx. area: 75 m² or 1 dwelling approx. area: 150 m²