Historic building with great investment potential in the heart of Orihuela

Description

A unique opportunity to acquire an entire building for redevelopment right in the historic centre of Orihuela, situated in the iconic Calle Ramón y Cajal (Calle Mayor), next to the Cathedral and surrounded by all amenities, shops and cultural attractions.

The property currently features commercial premises on the ground floor and several residential floors above, 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 most charming areas of the city.

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

Ground floor intended for commercial premises and parking

Two residential floors

Setback penthouse floor

Possibility of developing several spacious homes or multiple apartments

South and north-facing facades, overlooking the river and the Cathedral

Key features:

Approximate built area: 735 m²

Approximate floor area per level: 250 m²

Listed building with general heritage protection

Ideal for a residential development, 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 with character and personality.

BUILDING CHARACTERISTICS

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

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

Estimated actual floor area: 250 m²

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

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

Estimated dimensional features:

Ground floor designated for access, commercial-parking = 250 m²

First floor designated for housing with courtyard and stairs-lift = 250 m²

Second floor designated for housing with courtyard and stairs-lift = 250 m²

Penthouse floor with a 3m setback designated for housing with courtyard and stairs-lift = 200 m²

No basement due to access difficulties and the presence of the water table.

Requirement for a prior favourable Coastal Authority report for the granting of the licence

Usage-related features:

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

First floor: 2 dwellings approx. area: 100 m² or 1 dwelling approx. area: 200 m²

Second floor: 2 dwellings approx. area: 100 m² or 1 dwelling approx. area: 200 m²

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