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Building for renovation on the Torrevieja pedestrian promenade, with nearly 400 m².

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Channel Group Inmobiliarias - Elche 966 673 250

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550.000 €

* Taxes not included in the price

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ENTIRE 361 M² BUILDING ON A TORREVIEJA PEDESTRIAN PROMENADE, 100 METERS FROM THE BEACH

AN OPPORTUNITY FOR INVESTORS SEEKING PRIME LOCATION, SIZE, AND TRANSFORMATION POTENTIAL.

We present a highly attractive property for those looking to make a forward-looking real estate investment: an ENTIRE 361 M² BUILDING situated in one of Torrevieja’s most strategic locations—on the *Torrevejenses Ausentes* street—directly on a PEDESTRIAN PROMENADE and just 100 METERS FROM THE BEACH.

Its size and privileged location make this property a rare find in today's market. This is not a conventional home, but an ENTIRE BUILDING offering a wide range of possibilities for developing a real estate project tailored to the future owner's needs and goals.

The property requires COMPLETE RENOVATION, making it ideal for investors, developers, or buyers looking to acquire an asset with transformation potential and create a brand-new project based on an exceptional location.

Its 361 m² footprint provides an excellent foundation for exploring various layout and usage options, subject to current zoning regulations and the necessary permits. A property with these characteristics allows for a customized project designed to maximize the asset's final value.

And if there is one thing that truly sets it apart, it is the LOCATION.

Being just 100 METERS FROM THE BEACH places the project in one of Torrevieja’s most appealing areas. Furthermore, the building is situated on a PEDESTRIAN PROMENADE—a feature that adds exceptional value, as it is a pleasant area for foot traffic with strong connections to the city's urban and tourist life. Its proximity to the sea, combined with a prime urban setting, offers easy access to a wide range of restaurants, shops, cafés, services, and leisure areas nearby.

Torrevieja is one of the Costa Blanca’s most established destinations, boasting strong residential and tourist demand and year-round activity. Its coastline, climate, and extensive amenities make select central locations near the sea particularly attractive assets for investment projects.

This building combines three fundamental factors that any investor should value: A PRIVILEGED LOCATION, GENEROUS FLOOR SPACE, AND GREAT TRANSFORMATION POTENTIAL.

The need for complete renovation allows you to start virtually from scratch and design a project tailored to the current market, making the most of the available 361 m² while exploring the various possibilities permitted by local regulations.

Imagine developing a real estate project just steps from the Mediterranean, on a pedestrian promenade within one of Torrevieja’s most renowned areas. The location is already there. The space is, too. Now, it depends on the project you wish to develop.

THIS PROPERTY IS NOT BEING SOLD FOR ITS CURRENT CONDITION, BUT RATHER FOR THE POTENTIAL OFFERED BY ITS LOCATION AND SIZE.

A 361 m² ENTIRE BUILDING, 100 METERS FROM THE BEACH, ON A PEDESTRIAN PROMENADE, WITH A STRATEGIC LOCATION IN TORREVIEJA.

An opportunity specifically aimed at those who recognize the value of an asset with transformation potential and seek to establish a presence in one of the most attractive areas of the Alicante coast.

IF YOU ARE LOOKING FOR AN INVESTMENT WITH POTENTIAL, AMPLE SPACE, AND A LOCATION THAT SPEAKS FOR ITSELF, THIS BUILDING IS WORTH CONSIDERING.

LOCATION CANNOT BE CHANGED. AND HERE, THE LOCATION IS EXCEPTIONAL.

**In compliance with the information obligations established by Law 10/2025 of 28 December on customer service and transparency, as well as the applicable sector-specific regulations currently in force, it is hereby stated that the indicated sale price does not include the expenses and taxes inherent to the acquisition of the property, which shall be borne by the purchasing party and are detailed below:**

# TAXES PAYABLE ON RESIDENTIAL PROPERTIES

## First transfer (new build properties)

### Value Added Tax (VAT)

**10% (General Rate):**
Applicable to the vast majority of newly built residential properties, including up to a maximum of two parking spaces and any annexes transferred together with the property within the same building.

**4% (Reduced Rate):**
Applicable exclusively to Officially Protected Housing (VPO – *Viviendas de Protección Oficial*) under a special regime or publicly promoted housing programmes.

Further information:

https://sede.agenciatributaria.gob.es/Sede/iva/iva-operaciones-inmobiliarias/compro-vivienda-tengo-que-pagar-itp.html

### Stamp Duty / Tax on Documented Legal Acts (IAJD)

**1.4% (General Rate):**
This is the standard rate applicable to public deeds of sale and purchase of newly built properties subject to VAT.

**0.1% (Super-reduced Rate):**
Special tax benefit applicable when the newly built property is intended to be the purchaser’s first habitual residence.

The current applicable rates, including the latest tax updates introduced by the Generalitat Valenciana, are detailed at:

https://hisenda.gva.es/es/web/tributos/beneficis-fiscals-2026

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## Second transfer (resales / second-hand properties)

### Property Transfer Tax (ITP – *Impuesto sobre Transmisiones Patrimoniales*)

The applicable tax rate in the Autonomous Community of Valencia shall be **9%** (generally), without prejudice to reduced rates of **8%, 6%, 4% or 3%** that may apply depending on the purchaser’s personal circumstances or the characteristics of the property.

The tax is assessed on the **Cadastral Reference Value (Valor de Referencia del Catastro)** or the sale price, whichever is higher.

For comprehensive information regarding the operation, tax rates and tax benefits applicable to ITP in the Valencian Community, please consult the official website of the Valencian Tax Agency at:

https://atv.gva.es/es/itpajd

---

# TAXES PAYABLE ON COMMERCIAL PREMISES, INDUSTRIAL UNITS AND OFFICES

## First transfer (new build) of commercial premises, industrial units or offices

When the seller is the developer, builder or a business entity carrying out the first transfer, the transaction is subject to:

* **VAT at 21%**
(If the purchaser is a business/professional entity entitled to VAT deduction, the VAT paid may be recovered.)

* **Stamp Duty / Tax on Documented Legal Acts (AJD) at 1.4%**

---

## Second transfer of used commercial premises, industrial units or offices

When the transaction is not subject to VAT, the purchase is subject to:

### Property Transfer Tax (ITP)

* **9%** on the taxable base up to **€1,000,000**
* **11%** on the amount exceeding **€1,000,000**

---

## Second transfer between businesses with waiver of VAT exemption

This remains one of the most common transactions involving industrial units, office buildings and commercial premises acquired as investments.

Where the waiver of VAT exemption applies, the transaction is subject to:

* **VAT at 21%**
* **Stamp Duty / AJD at 1.4%**

If the purchaser is a business entity entitled to VAT deduction, the VAT paid may be recovered.

---

# COMMON EXPENSES APPLICABLE TO RESALES, NEW BUILD RESIDENTIAL SALES AND SALES OF COMMERCIAL PREMISES, INDUSTRIAL UNITS AND OFFICES

### • Notary Fees

Notarial fees shall be calculated in accordance with the official tariff regulated in Annex I of Royal Decree 1426/1989 of 17 November, approving the Notarial Fee Schedule.

### • Land Registry Fees

Registration of the property transfer at the Land Registry shall be invoiced according to the official tariff established in Annex I of Royal Decree 1427/1989 of 17 November.

### • Administrative Management Fees (Gestoría)

Fees for administrative processing, tax settlement and registration at the Land Registry amount to approximately **€423.50 (VAT included).**

### • Estate Agency Fees

Included in the advertised sale price (PVP) and paid by the seller.

### • Buyer’s Estate Agency Fees

Please be advised that, in certain cases, professional fees may be payable by the purchaser where they have contracted property acquisition services (**PSI – Personal Shopper Inmobiliario**).

**These fees are not linked to the purchase price of the property and are not included in it.**

Property Features

Reference DR-ED050111
Type of Operation For sale
Type of property Building
Zone / City Las Piscinas Naturales / Torrevieja
Built Surface 361 m²
Condition Reformar Parcialment
Bedrooms 5
Bathrooms 5
Year built 1975
Orientation North
Exterior type External
Kitchen type Independent - Equipped
Interior Carpentry Wood
Exterior Carpentry Aluminum / Climalit
Type of Floor Stoneware
Views Clear view
Distance to the sea 100 Metres
Tax 450€
Regime Libre

Phone Line
Terrace
Furniture
Light
Water
Parking Included
Tv
Exterior
Cold Heat Pump
Bright
Clear Views
Trees
Hospitals
Buses
Shopping Centers
Playground
Schools
Supermarkets

Energy Efficiency Rating

Pending	Energy Consumption kWh/m² Year	Consumer Kg CO2/m2 Year

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