Description

Investment and Development Opportunity in El Tesorillo - Melilla We present this townhouse with high development potential, located in the established and sought-after area of ??El Tesorillo, one of the fastest-growing areas in Melilla. The property has approximately 160 m² of constructed area, distributed over two floors plus terraces, making it an ideal base for both investment and real estate development. Current Layout Ground floor: kitchen, 2 bedrooms, living-dining room, bathroom, and interior terrace. First floor: 2 bedrooms, bathroom, living-dining room, and two terraces. Second floor: large private terrace, with the possibility of adding a covered outdoor space. Key for investors and developers Permitted building potential: up to 4 floors + penthouse, opening the door to: Multi-family housing development Residential rental project Immediate asset appreciation through development Income-generating asset: currently rented with a good income, ideal for: Investors seeking immediate income Strategic purchase while development is being planned Total flexibility: if purchased for residential use, the lease agreement can be terminated at the end of the term. Why this property is an opportunity Established location High demand in the area Significant potential for growth in square meters and value Ideal for asset investors, developers, and property managers Request detailed information without obligation and analyze this opportunity with our specialized team. Properties with this level of building potential and potential don't come along every day. Legal information: In compliance with Decree 218/2005 of October 11th of the Regional Government of Andalusia, we inform you that the price indicated includes the real estate agency's fees. Expenses inherent to the sale, such as notary fees, land registry fees, and Property Transfer Tax (ITP), are not included.