Torrevieja Industrial Parcel — 680 m² Urban Plot with Existing Warehouse

Single-title industrial-classified parcel inside Torrevieja's urban core, 680 m² with an existing 76 m² warehouse from 1960. Street frontage on Calle Juan Mateo García. Cadastral reference 3963202YH0036S0001SJ. No horizontal division — the buyer owns the lot outright. Three paths model out: Scenario 1 — logistics or last-mile warehousing refurbishment. Indicative rents €6–€10/m²/month, €30k–€70k+ annual on a stabilised gross yield of 3.5–6%. Net pre-tax ≈1.2–3.8% after €13–17k annual operating costs. Scenario 2 — industrial-commercial hybrid development. Capex ≈€700k–€1M with a 3–4-year cycle projected IRR of 9–14%. The play if you want development upside with a clear use case. Scenario 3 — land banking. Central Torrevieja urban-classified land has appreciated 3–5% p.a. historically. With ≈€4,500 annual carry, a five-year hold projects to €1.61M at 3%/€1.77M at 5%. Annualised return 2.7–4.7%. 1960 warehouse envelope is best treated as a starting shell — structural assessment is a first-step diligence item. SK Group can either run the refurbishment or hand the asset over with audited cadastral and PGOU pack.