Project Gran Vía Tárrega Monteblanco: Conversion of Commercial Premises into Apartments.
We have identified a new investment opportunity in one of the most established and promising areas of Castellón: Gran Vía Tárrega Monteblanco, at the corner of Calle Lepanto. The project involves the urban transformation of a commercial property, including conversion to residential use, horizontal property division, a full renovation, and the individual sale of four resulting apartments along with twelve independent storage units, each with its own cadastral reference.
Each apartment will be completely renovated, fully furnished, and delivered ready to move in or rent out, adapted to current market demand. This operation follows a professional flipping model, focused on generating value efficiently, quickly, and securely.
Why is this an interesting opportunity for the investor-developer?
As developers of this project, Pirelli represents a strong investment opportunity for us due to the following reasons:
🔁 High returns with risk control
- We know that well-executed flipping projects can achieve exceptional returns in short timeframes. In this case:
- We’ve adjusted the target profit margin, reducing it from 20% to 15% to be more competitive and speed up the sales process.
- We’ve optimized management costs, lowering them from 20% to 15% thanks to economies of scale in Castellón. Our goal is not to manage, but to sell.
- We’ve shortened the investment time horizon from 5 years to 4 years. Our target is to execute and sell within 12 months, although we model 4 years internally to avoid artificially inflating the IRR.
🔄 Capital rotation and portfolio diversification
- Including projects like this in our portfolio diversifies risk and enables more agile capital turnover.
- The flipping model improves liquidity, raises overall portfolio returns, and enables fast reinvestment into new opportunities.
- In a fast-changing market, this agility is key to capturing top opportunities.
🏡 Final product that’s easy to sell
- The financial analysis of the final product (e.g., Pirelli A apartment) shows a return above 22% for the final buyer, even under conservative assumptions.
- This ensures high demand from investors seeking passive income from day one.
- Its premium location reinforces perceived value and ease of sale.
⚖️ Regulatory certainty and time-sensitive opportunity
- We’ve already begun licensing and use conversion procedures, ensuring compliance with current regulations.
- Decree 80/2023, which will soon take effect, will tighten habitability requirements in the Valencia region, making projects like this more difficult or costly in the future.
- Acting now means getting ahead of the regulatory curve, locking in higher margins and lower risk.
Why is this an attractive opportunity for the final buyer?
Our goal is to offer a highly attractive, profitable, and hassle-free product for the end buyer. For the Pirelli A apartment, the numbers speak for themselves:
💰 Competitive price with strong returns
- Expected sale price: €108,043
- Brand-new apartment, fully renovated, furnished, and ready to move in.
📈 Estimated return of 24%
- With an 80% mortgage over 30 years at 2% interest, the buyer would need to contribute €32,413 (down payment and taxes).
- Monthly mortgage payment would be €319.48, while estimated rental income is €750/month.
- From the first month, this produces a strong positive cash flow, and the annual return on equity is estimated at 24%, without factoring in asset appreciation.
🔑 Turnkey product with no surprises
- Fully renovated with quality materials.
- Furnished and move-in ready.
- Perfect for both investors seeking immediate cash flow and buyers wanting a modern, central home at a great price.
🕐 Act now: the window of opportunity is closing
Decree 80/2023, set to take effect this year, will significantly tighten habitability requirements in the Valencia region. This will make future conversion projects like Pirelli more difficult and expensive.
Investing now means securing a product that will be increasingly rare under the new legal framework — and more valuable on the open market.
Discover the first unit in this promotion:
👉 Pirelli A – High returns in Gran Vía
