Magazine

New Project for Creating Independent Homes through a Change of Use and Horizontal Division

At Brickstarter, we continue working to offer innovative and strategic investment opportunities that align with market trends.

When we started our operations in 2018, we specialized in tourist apartments, then in coliving-style shared flats, and now we aim to seize the last investment opportunities before the legislation changes in 2025 in Castellón, to launch our final proposals of this type. 

We need to act quickly because the market is highly dynamic, and we have only a few weeks to respond.

Once again, we aim to maximize the value of our investment by applying our triple strategy: bank-repossessed purchases, change of use, and horizontal division. This way, we will transform a commercial property into 4 independent residential apartments at an unbeatable price. 

This project combines a prime location, a strategic transformation approach, and a critical moment as imminent legislative changes in 2025 make this opportunity unrepeatable. If you are looking for a solid investment with high profitability and growth potential, now is the time to act.

If you missed the vacation rental and coliving booms, don’t miss out on this opportunity, because with the new regulation coming into effect on January 1, 2025, it will be very challenging to carry out such projects.

Comprehensive Transformation: From a Commercial Property to 4 Independent Residential Apartments

The core of the project focuses on converting a commercial property into residential use, with the goal of creating four fully functional studio apartments, designed to meet the growing demand for compact and efficient spaces in Castelló de la Plana. 

These homes, which will be classified as new construction (with all the benefits it entails), will be priced competitively at around 90,000 euros once completed (something currently unavailable in Castellón). 

Do the math: at 90,000 euros, and with an 80% mortgage at 2.5% over 25 years, the monthly payment would be 323 euros.

If you search for new construction in Castellón de la Plana on Idealista, the cheapest option listed is an interior ground floor for 129,000 euros (see link). Naturally, we aim to maximize the selling price, but the priority is to sell them quickly.

Strategic Location: Castelló de la Plana

We know Castellón very well. In fact, this will be our tenth opportunity here, and all have performed exceptionally well.

The property is located in a strategic and growing area of Castelló de la Plana, surrounded by essential services and excellent connectivity, making it an ideal location for this type of project.

• Public Transport: Several bus stops within a 7-minute walk.
• Services: Supermarkets (Mercadona, Consum), pharmacies, and hospitals nearby.
• Education: Schools and educational centers within an 8-minute walk.
• Green Spaces: Access to parks and natural areas like Plaza de Elche and Parque de Santa Rosa.

This location ensures high demand for these homes, both for rental and sale.

It’s important to note that Castellón de la Plana is a market we know very well, both in terms of demand for this type of property and sale prices. This is one of the last investment opportunities of its kind.

Competitive Advantages of the Project

• Strategic Transformation: This project maximizes the potential of the commercial property by changing its use and horizontal division, creating four new cadastral references.
• Competitive Price: The acquisition of the property from a bank fund comes with a significant discount below market price.
• High Demand in the Area: The combination of compact homes, an excellent location, and the possibility of adding storage rooms ensures high occupancy.
• Imminent Legislative Change: Under current legislation, these transformations are allowed only until December 31, 2024, making this opportunity unrepeatable.

The Time to Invest is Now

The Ribelles Comín Project is not just a real estate investment; it’s a strategic bet on a growing market and legislation that is about to change.

Why wait? Invest now and be part of a unique initiative with high profitability potential. Legislative changes make this opportunity limited in time. 

Contact us to learn more and secure your participation in the Ribelles Comín Project.