Torrevieja Beachfront Apartment — Active Tourist Licence, 12.98% Net ROI

Three-bedroom apartment one street back from the waterfront in central Torrevieja, San Roque district. The unit is honest about what it is: structurally sound, immediately occupiable, in need of a refresh. The price reflects that. What it carries that most of the market doesn't is an active VT tourist licence on the unit itself — meaning short-let operation can start the day after completion, no community vote and no licence queue. Lift, central heating, floor heating, air conditioning, balcony and laundry room are already in place. Energy class E, 143 kWh/m²/year. The investment math turns on the renovation. A €20k refresh — kitchen, bathroom, paint, soft furnishings, photo-shoot-grade styling — produces a unit that operates at 70% occupancy on a €120 blended nightly rate (€160-190 high, €85-110 shoulder/low), 255 booked nights, ≈€30.6k gross. Operating costs of ≈€11.1k (OTA fees, cleaning, utilities, supplies, 15% management, IBI, community, insurance, accounting, maintenance reserve) leave ≈€19.5k net annually. On a €150k total deployed — €130k purchase + €20k renovation — that's a 12.98% net ROI. Operator is VITA Host, the SK Group short-let arm. The 70% occupancy assumption tracks central Torrevieja three-bed performance with a working VT licence; the unit's quality of finish after the refresh is the main variable. Before deployment we want energy certificate review, community-of-owners minutes on tourist rentals, and verification of the licence transfer path on completion.