Located in a historic former bank building, this distinguished property offers a lucrative opportunity as a fully licensed hostel strategically positioned directly opposite the vibrant Square and the iconic Casa Inglesa in a dynamically evolving neighborhood. With plans to enhance the Riverside Zone, including facilities accommodating mega-yachts, the area is rapidly emerging as a highly desirable destination for travelers and investors alike. The property benefits from three separate licenses—two for residential use on the upper and lower floors, and one for commercial operations—providing versatile flexibility for potential development or continued hospitality use. Constructed with a robust reinforced concrete foundation, the building showcases luxurious finishes throughout, featuring marble floors and walls that exude sophistication and durability. The upper floor comprises eight private guest rooms, a fully equipped kitchen, and two spacious bathrooms with four toilets, four sinks, and five showers, complemented by a scenic terrace offering a private retreat with charming appeal. The ground floor is designed for group accommodation, featuring four large dormitories accommodating up to 34 guests, with shared facilities including three showers, sinks, and toilets. The basement offers unique amenities, including a former bank vault transformed into a stylish barbershop and tattoo studio—adding an extra revenue stream, especially during peak seasons—alongside a fully equipped laundry room. Additional guest conveniences are provided with three toilets, sinks, and showers in the basement. This property combines historic charm, exceptional location, and versatile potential, making it an excellent investment opportunity. Its strong licensing, solid construction, and prime position in an area set for significant growth make it an attractive choice for discerning investors seeking both charm and promising capital appreciation.

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Data source: https://www.rightmove.co.uk/properties/165770090?currencyCode=GBP#/?channel=OVERSEAS