Central Torrevieja Commercial Building — 270 m² on 313 m² of Urban Land

Full commercial building on urban-classified land in central Torrevieja. Single-owner title — no horizontal division — two storeys above grade, ground-floor retail unit and a serviceable upper level. The 1949 envelope reads as a starting position rather than a final state. Three exploitation paths model out: Scenario 1 — keep ground floor in retail, convert upper level to offices or storage. Indicative rent €6,000–€9,000/month (€72k–€108k annual). Gross yield 4.5–7%, net 3.5–5.3% pre-tax after ≈€18–26k operating costs. Scenario 2 — full repositioning under Torrevieja PGOU into boutique residential or mixed commercial-residential. Projected IRR 8–15% over a 3–4-year cycle. Bigger ticket, bigger return, harder execution. Scenario 3 — long-term patrimonial hold. Central Torrevieja urban-land has appreciated at 3–5% p.a. historically. After modest carry costs the annualised return lands at 2.6–4.6%, with optionality on any future repositioning. The strategic ask is which path fits the buyer's profile. SK Group can run the repositioning end-to-end (PGOU consultation, architect, licensing, build, lease-up) or hand it as a vacant asset with full diligence pack.