Unique Building of Over 1,000 m² in the Heart of Canals

Located on Avenida Vicente Ferri, one of the main avenues of Canals, this exceptional building offers approximately 1,072 m² of built area on a 277 m² plot. A rare opportunity thanks to its prime location, generous dimensions and versatility, making it suitable for residential use, investment, renovation or long-term asset management.

Key Features

The property comprises a ground floor and three upper floors, each offering between 265 and 269 m² of built area.

It features spacious rooms, an interior courtyard, balconies, a covered communal terrace and shared storage areas.

Built around 1965, each floor is in a different state of conservation, allowing for either a gradual renovation or a complete refurbishment project.

The building currently has no lift, although there is sufficient space to study the installation of an internal elevator, subject to technical feasibility, current regulations and the necessary approvals.

Floor Layout

Ground Floor — 265 m²

Renovated property comprising six bedrooms, a living-dining room, kitchen, laundry room, three bathrooms and a large interior courtyard of approximately 80 m². It also features marble flooring, a fireplace and air conditioning units in the bedrooms, subject to operational verification.

First Floor — 269 m²

Comprising six bedrooms, a living-dining room, kitchen, laundry room, three bathrooms and a balcony of approximately 20 m². It remains in its original condition and requires renovation. It includes marble flooring, a fireplace and several air conditioning units pending inspection.

Second Floor — 269 m²

Renovated property with six bedrooms, a living-dining room, kitchen, laundry room, three bathrooms and a balcony of approximately 20 m². It features marble flooring, a fireplace and several air conditioning units pending verification.

Third Floor — 269 m²

Comprising six bedrooms, a living-dining room, kitchen, laundry room, three bathrooms and a balcony of approximately 20 m². Part of the construction or refurbishment remains unfinished, offering excellent opportunities for redistribution and customization.

Purchase Options

The property is divided into four undivided ownership shares, each representing 25% of the entire building. This arrangement does not necessarily mean that each floor is registered as an independent property.

The entire building, including all four ownership shares, is currently offered as a unique investment opportunity in the heart of Canals for €650,000, negotiable. Acquiring the whole property would allow complete control of the building and the possibility of planning a comprehensive renovation, redistribution or investment project.

This represents an approximate value of €162,500 per floor or ownership share, reinforcing the property's investment appeal.

Investment Potential

Due to its size and layout, this building may be particularly attractive for:

• Property investors.
- Developers.
• Construction companies.
- Businesses.
• Families seeking exceptionally spacious homes.

- Buyers looking for a medium- to long-term investment asset.

Subject to the corresponding technical, legal and urban planning studies, it may be possible to create two or even three smaller residential units per floor, develop traditional residential rentals or room-by-room rentals, or adapt the property for offices, professional practices, clinics, academies, residences or other compatible commercial or professional uses.

The building also includes an exterior terrace that currently has no enabled access, and the possibility of an upper-floor extension or additional level could also be studied, subject to planning regulations and the necessary authorisations.

Its central location, more than 1,000 m² of built area, and the possibility of acquiring the entire building make it a rare opportunity for the development of a large-scale project in Canals.

Important Information

All measurements, condition, prices, availability, operation of installations and any possibilities regarding subdivision, redistribution, change of use, lift installation, terrace recovery or future extension must be verified through the corresponding legal documentation and technical, legal and urban planning reports.

For further information or to arrange a viewing, please do not hesitate to contact us. Visit the property with no obligation. At Adaix Canals Real Estate, we will be delighted to advise and assist you throughout the entire process.