Properties for sale in L'Hospitalet de Llobregat

A unique building with a conversion project into residential units, located in a very central and highly sought-after area of Hospitalet de Llobregat (Santa Eulalia), close to Sants Station and the City of Justice in Barcelona. It also has the potential to be converted into a hotel or a hostel. This historic building was originally used as an oil warehouse and later as a winery, designed by the renowned architect Julio Maria Fossas in 1911. The property, registered in the land registry in 1930, has a cadastral area of 531m2 on a plot of 308 m2. The current measurements reflected in the plans are as follows: - Ground floor: 317 m2 - First floor: 234 m2 - Basement/winery (not listed in the land registry): approximately 100 m2. The project includes the possibility of converting it into 4 tourist rental units with a license on the first floor and the option of changing the use to residential on the ground floor (the property has a right of light on the rear facade as per the deed). All of this is subject to certain volumetric, facade, and urban planning requirements set by the City Council. Space for the installation of an elevator is also planned. The building is sold in its current state, with a building permit granted for the change of use to 4 residential units and prior approval of a tourist license. A Basic Project for the change of use and Technical Compatibility Reports from the City Council and other documentation are available. This building has a project with great potential both for the area and for profitability possibilities (partially tourist rental and long-term rental). An average tourist occupancy rate of 81% is expected, offering an average annual return of 15-20%. #ref:CBES2311