House for sale in San Lorenzo de El Escorial, Spain

Product for investors. Large town house of 533 meters with patio to rehabilitate. This house can be converted into a building of magnificent apartments or as a large single-family home. It is located in the center of town, just 200 meters from the Town Hall, with excellent views of the monastery and located in a very quiet street with buildings already consolidated. The house has very good orientation and location. It has 3 heights plus the lower deck. It is a building that can have different destinations: On the one hand, the construction of 6 houses distributed in 2 magnificent duplex penthouses with 3 bedrooms, 1 floors of 2 bedrooms and 3 large apartments of 1 bedroom, or the rehabilitation of the house giving rise to a large detached house in the center of the village with its own patio in the back. It is a good business opportunity since in San Lorenzo de El Escorial the rental of housing is very demanded. These resulting homes would be rented very quickly with an average return of 6% per year. There is also the possibility of being able to acquire it with the project already executed, that is, turnkey (1,150,000 euros).