Los Frutales, Torrevieja, just 350 meters from the beach. We are looking at a 340 m² commercial unit with a private 800 m² plot. The opportunity here lies in the scarcity of ground-floor properties with communal pools and gardens so close to the sea—the most sought-after product for both European tourists and buyers seeking accessibility.~Below is the financial breakdown of the project:~1. Investment Structure~Acquisition Cost: €750,000~Full Renovation (8 units): €238,000 (340 m² x €700/m²)~Closing Costs (Taxes, Licenses, Notary - est. 12%): €90,000~Total Estimated Investment: €1,078,000~2. Scenario A: Unit Sales (Development)~The asset will be divided into 8 apartments of approx. 42 m² each, with direct access to common areas and the pool. In the Los Frutales area, the average price for new builds or high-end renovations for this product type is around €2,620/m².~Estimated Sale Price per Unit: €165,000 (adjusted for plot/pool value).~Total Sales Revenue: €1,320,000~Estimated Net Profit: €242,000~Return on Investment (ROI): 22.4% within a 12-18 month cycle.~3. Scenario B: Vacation Rental (Cash-Flow)~Torrevieja is a high-turnover market. A renovated apartment near the beach in this area generates between €400 and €600 per week during high season.~ConceptAnnual Estimate (8 units)~Gross Income (65% Occupancy)€115,000 / year~Operating Expenses (Maint., Mgmt, Utilities)€34,500 (30%)~Net Operating Income (NOI)€80,500 / year~Net Annual Yield: 7.46%~Note: This yield is significantly higher than the traditional market average (4-5%) due to space efficiency, the added value of the pool, and proximity to the beach.~Conclusion~This is a "buy wholesale, sell retail" opportunity. The location in Los Frutales guarantees an exit strategy. A hybrid model is also viable: selling 4 units to recoup the initial capital while keeping the remaining 4 for rental to generate growing passive income.~~