Zorita 20 - Apartment 4

We present a new property for our community of investors in this building. This building is well located, with easy access to everyday services, as we have mentioned in our previous properties.

It is also important to keep in mind that we have priced each investment opportunity differently, and this is because of a number of aspects. One of them is the floor level within the building, since people tend to value lower floors more because they are easier to access. Another aspect to take into account when estimating the price of an investment opportunity is the condition of the property at the time of acquisition. The cost would be lower if there were significant renovations required on the structure.

 This property is estimated to generate rental income after the renovations are finished and the required furniture and equipment are bought.

Below are the seven key points for this project:

1.       Price per square meter at more than 38% of the neighborhood average, according to our estimates, which could allow a sale at a higher price in the future.

2.       According to our analysis, no fees or restrictions and no administrative licenses are necessary for use as a coliving space.

3.       With quality finishes and rental potential, the property layout can be defined using preferred materials when the site is empty.

4.       Ideal for coliving, individual rentals, or families, this three-bedroom home has one bathroom and an open-plan kitchen.

5.       Adaptable property close to Castellón's beaches with the opportunity for summer vacation rentals.

6.       Given its qualities and purchase price, it is estimated that it could have potential for appreciation and for generating rental income.

 7.      Location: Very strategically located, just a few minutes' walk from the main attractions of the city:

• Consum supermarket: 2 minutes (180 meters)
• Dia supermarket: 2 minutes (170 meters)
• Mercadona supermarket: 4 minutes (300 meters)
• El Corte Inglés supermarket: 4 minutes (290 meters)
• Train Station and AVE: 4 minutes (350 meters)
• Bullring of Castellón: 6 minutes (550 meters)
• Ribalta Park: 8 minutes (700 meters)
• Provincial Hospital of Castelló: 8 minutes (700 meters)
• Gaetà Huguet sports facilities: 17 minutes (1,300 meters)
• Universitat Jaume I: 21 minutes (1,600 meters)
• Salera Shopping Center (Primark, Pepco, JD Sports): 21 minutes (1,600 meters)
• Estepark Shopping and Leisure Center: 25 minutes (2,100 meters)