Flat / apartment for sale in Mercado
3 Bed • 2 Bath • 101 m²
€210,000
AI Analyst
Long-term Rental"Mezzanine apartment in Mercado offers 101 sqm of adaptable space, soon to be legally converted from commercial to residential use. Large windows, three bedrooms, and a small terrace provide strong fundamentals in a well-serviced, central location."
Pros
- •Strong location in consolidated Mercado area with full amenities
- •Large, bright living space with flexible layout
- •Legal conversion to residential use nearly complete, unlocking value
Cons
- •Currently not legally a residence—conversion risk remains
- •Interior likely requires modernization post-conversion
- •Potential for higher vacancy or liquidity risk due to mezzanine layout
Description
A unique opportunity to acquire a mezzanine apartment in a building with an elevator is presented. This property is currently a commercial premises and is close to the official change of use to housing by the current owner, which will allow it to be enabled as a home. The space includes a bright living room thanks to its large windows that provide natural light. It also includes a kitchen-dining room with an additional gallery, as well as a toilet and a full bathroom. The property also has three bedrooms, one of which has direct access to a small terrace. Located in a very consolidated area with all the necessary services for daily life.