Property to refurbish with approved licence for 8 apartments

Nyumba Realty presents this outstanding asset located in the Castillejos neighbourhood, in Tetuán. It occupies almost the entire first floor of a representative building completed in 2000 and offers an approximate surface area of 900 sqm (approx. 9,688 sq ft), with an approved licence to develop 8 exterior apartments, allowing the project to commence immediately.

The floor is entirely open plan and benefits from dual frontage, with 11 windows facing the main street to the east and a further 8 to the west, also facing the street. This configuration ensures excellent natural light and allows for a clear and efficient layout. The authorised project foresees apartments ranging from 60 sqm to 250 sqm (approx. 646 to 2,691 sq ft), well proportioned and offering flexible design possibilities.

The building offers concierge service, a swimming pool and a solarium. There is also the option to acquire 5 parking spaces within the same building, not included in the asking price. Service charges are consistent with the size and amenities of the property.

An opportunity aimed at developers and investors seeking a well established location, defined timelines and legal certainty, with project and licence already granted.

For more information, please contact us.