Cardenal Costa

The apartment we present today has 76 square meters, which, after renovation, will be divided into 4 bedrooms and 2 bathrooms, plus a kitchen that will also serve as a living room. (Adding another bathroom can add value in this type of transaction).

It is located just 5 minutes from Ribalta Park, one of the most representative places in the area. Therefore, it has all kinds of services nearby such as bars, restaurants, shops, and entertainment areas, among others. However, the highlight of its location is its proximity to Jaume I University, which could increase demand for rooms among students.

Its solid structure allows for the restructuring and renovation of the rooms, along with the renovation of bathrooms, painting, and replacement of the doors and flooring, which will give the property a more elegant look. Likewise, furniture, appliances, and other equipment will be updated to make the property habitable and functional.

 The main features of this property are:

1. Price: We acquired the property (from a bank) at an average price per square meter lower than the average of the apartments in the area. This could allow us to adjust the sale price later, although a quick sale cannot be guaranteed.
2. Legal and registry status: According to our information, the property is free of encumbrances and registry charges. Likewise, as it is intended for coliving (mid-stay rentals), it should not in principle depend on tourist licenses for its operation.
3. Condition: Currently the apartment is in good condition, although we will add a bedroom and a bathroom, in addition to a total overhaul. This should make the remodeling work easier, so that the renovation is complete and the apartment is fully ready to be rented with a high-end finish.
4. Typology: it is a property with 4 rooms, suitable for coliving. In addition, it will have 2 bathrooms and a large kitchen that will serve as a common area. The property is rectangular and has a suitable layout.
5. Versatility: It can accommodate both families and people who wish to rent individual rooms. Similar properties are mainly used as vacation rentals during the summer, given the relative proximity to the different beaches of Castellón. 
6. Potential: According to our estimates, the characteristics of this property and its acquisition price could support its appreciation and income generation, although this is not guaranteed.
7. Location: Well located, just a few minutes’ walk from the main attractions of the city:

• Mercadona supermarket: 1 minute (50 meters)
• Cardenal Costa Day Hospital: 1 minute (80 meters)
• Gym: 3 minutes (270 meters)
• Shopping Center "El Corte Inglés": 4 minutes (300 meters)
• Ribalta Park: 5 minutes (400 meters)
• El Corte Inglés Supermarket: 5 minutes (400 meters)
• Train Station and AVE (high-speed train): 8 minutes (650 meters)
• Castellón Bullring: 8 minutes (650 meters)
• Castellón Provincial Hospital: 10 minutes (800 meters)
• Castellón Central Market: 12 minutes (1000 meters)