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Zona Azucaica – Santa María de Benquerencía 430 SF Retail Condo Unit Offered at $66,256 in Toledo, Toledo 45007

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INVESTMENT HIGHLIGHTS

Immediate surroundings with all necessary services at hand.

Good road communication via the TO-23.

EXECUTIVE SUMMARY

Residential property with 15,647 m² of built area distributed across six above-ground floors, located in Toledo. Consolidated residential area surrounded by shops and services, with good road access via the TO-23.

PROPERTY FACTS

Total Building Size	> 50,000 SF	Building Class	C
Property Type	Multifamily (Condo)	Floors	6
Property Subtype	Apartment	Year Built	1980 - 1989

Total Building Size	> 50,000 SF
Property Type	Multifamily (Condo)
Property Subtype	Apartment
Building Class	C
Floors	6
Year Built	1980 - 1989

Natural Light

SITE AMENITIES

Close to Public Transportation

Elevator

1 UNIT AVAILABLE

Unit -

Unit Size	430 SF	Condo Use	Retail
Price	$66,256	Sale Type	Investment or Owner User
Price Per SF	$154.08

Unit Size	430 SF
Price	$66,256
Price Per SF	$154.08
Condo Use	Retail
Sale Type	Investment or Owner User

DESCRIPTION

40 m2 premises located at street level and set up as a bar/restaurant. It has a north orientation and was built in 1981. There is the possibility of changing its use.

SALE NOTES

Sale of commercial space with potential for change of use.

The City Council plans to grant permits for the modification of use of premises in the area in about a year, which would allow transforming this space into a studio or apartment of approximately 40 m2.

The space has operated as a bar for 20 years and is located across from the entrance of Juanelo Turriano Institute. It does not have a smoke vent, but it is equipped with an air conditioning split unit with a heat pump. The bar is made of stainless steel and has a window facing the street. The closures are non-motorized blind shutters.

If you wish to reactivate the bar license, it will be necessary to carry out adaptation works to comply with current regulations, such as soundproofing the premises, among other things.

The community fee is €10 per month and the facade is north-facing. The building dates back to 1981.