Building of 352 m² in Astorga

PROFESSIONAL INVESTORS ONLY – ENTIRE BUILDING WITH REPOSITIONING POTENTIAL IN ASTORGA

Complete residential building located on Duque de Ahumada street, in Astorga, León, aimed especially at investors and operators specializing in the acquisition, rehabilitation and repositioning of real estate assets .

Built in 1968 on a plot of 248 m², the property has 352 m² built according to the Cadastre and is distributed in three currently rented homes and two spaces intended for storage on the ground floor.

The building has been continuously rented since 1970, a history of occupancy that reflects the existing rental demand in its location.

The property is located in a well-established urban area, close to shops, restaurants, and everyday services. It is situated approximately 200 meters from the health center .

Astorga is a key point on the Camino de Santiago, located at the confluence of the French Way and the Silver Route. Furthermore, 2027 will be a Holy Year of Compostela , a circumstance that will further enhance the city's appeal as a tourist destination and a pilgrimage route.

The town also boasts a significant historical and cultural heritage, among which the Episcopal Palace of Astorga, known as Gaudí's Palace , stands out as one of the architect's most representative works outside of Catalonia.

Building layout

First floor: 74 m² apartment (according to the Land Registry), comprising a living room, three bedrooms, a bathroom, and a kitchen with a pantry, plus an adjoining storage room. It is in outdated condition and has old furniture. It has a natural gas boiler installed in 2021.

Second floor: 74 m² apartment (according to the Land Registry), with living room, three bedrooms, bathroom, kitchen with pantry and adjoining storage room. It was completely repainted in September 2026 and has an oil-fired boiler installed in 2021. The furniture and appliances belong to the tenant.

Third floor: 74 m² apartment (according to the Land Registry), with a living room, three bedrooms, bathroom, kitchen with pantry and adjoining storage room. Bathroom improvements were made in 2022, a new toilet was installed in 2023, and a washing machine in 2025.

Ground floor: two spaces intended for storage, of 65 m² and 20 m². The premises require comprehensive renovation and currently do not generate independent income.

In 2022 the roof was inspected and the exterior downpipes, the entrance door, the intercoms and the back door to the garden were renovated.

The three properties are currently rented for €250 per month each , generating a combined income of €750/month and €9,000/year . Based on a sale price of €150,000 , the current gross return is approximately 6% .

The transaction offers the opportunity to acquire an entire building with active rental income and to develop a strategy for its rehabilitation, improvement, and repositioning in the medium and long term. Any future actions must be analyzed taking into account the current tenancy situation, the building's technical condition, and applicable urban planning regulations.

Interior photographs are not currently available. The images shown are of the exterior and accessible areas of the building and are for illustrative purposes only.

Interior viewings will be subject to the prior submission of an offer and must be coordinated with the authorization of the property owner and occupants. A preliminary technical inspection of the common areas is being considered.

An opportunity aimed at professional investors seeking a complete asset, with current income and room to develop a revaluation strategy subject to technical, legal and commercial study.

On our website you can find more information about renting and related expenses.

Inviertis provides real estate investment solutions to all types of investors, tailored to their objectives and risk management, supporting them throughout the entire process and offering products and services that maximize returns. It also offers access to an exclusive portfolio of income-producing properties.

The information provided comes from various sources, including official bodies and the property owner, and therefore may not be entirely correct or accurate. Inviertis is not legally responsible for any errors or inaccuracies. To expand upon or verify the information, please consult one of our agents.