TERTIARY BUILDING FOR SALE

Description

Historic building of 1,100 m² over three floors, plus a 445 m² private-use terrace, at Plaza de la Magdalena 11, Toledo — very close to the emblematic Alcázar. The property offers great potential for hotel projects as well as restoration and repositioning within the tourism sector, or luxury residential use. Cadastral references: 2727303VK1122F0006TI, 2727303VK1122F0004EY and 2727303VK1122F0003WT Legal situation: Control of the property is currently being resolved through an enforcement procedure arising from a judicial monetary claim. The process is at the auction-scheduling stage, which allows it to be offered under two alternatives: 1. Post-auction award: as principal creditors with registered debt under enforcement, we will be awarded the property and proceed to sell it directly to the interested party. 2. Debt assignment: allowing the interested party to take the creditor's position in the enforcement procedure and thereby gain direct control over the property. Acquisition conditions and price will vary depending on the chosen route. Sale price: €2,200,000 + agency fees payable by the buyer

City

Toledo

Built Area

1,100 m²

Plot Area

866 m²

Energy rating

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