Gran Via Torreblanco 1

We are presenting the first of the four "flipping" investment opportunities that we have planned in Castellón: the Gran Vía Torreblanco Project.

You can read more about our types of "flipping" investment here, and learn all the details of the Gran Vía Torreblanco project here.

The project involves transforming a commercial space located on Gran Vía Tárrega Monteblanco to obtain four independent residential apartments, together with twelve storage rooms, all with their own cadastral reference.

We will add value to the project through renovation, change of use and horizontal property division. As usual, we will furnish each unit and create a turnkey product for the future final investor.

Our goal is to offer a property aimed at demand that we consider high and with limited supply: completely renovated, with capacity for 2 guests, in a central location and at a price intended to be competitive for the final investor.

This operation marks the start of a new line of more agile projects, with rapid capital turnover and an estimated return for our partners, which is not guaranteed.

The goal is to sell in the shortest possible time.

What does transforming commercial spaces into homes involve?

Converting commercial spaces into homes is an investment strategy that seeks to obtain returns in a context of growing demand for affordable housing and regulatory changes in the Valencian Community, although these are not guaranteed.

Among the main advantages are:

• Increase in the property's value

The change of use from commercial to residential responds, in our opinion, to urban market demand and may increase the final value of the property.

• Income per square meter

This type of compact, well-designed apartment may generate proportionally higher income. In the case of Gran Vía 1, annual rental income of around €9,000 is estimated, an estimated figure that is not guaranteed.

• Appeal to diverse profiles

This type of housing attracts young professionals as well as students, couples, expatriates or remote workers. This variety of profiles may support more stable occupancy, although this is not guaranteed.

• Competitive final sale price

The target price is €82,319.64, including renovation and furniture. This figure, according to our estimates, is lower than the average for similar homes in the area, which could facilitate a swift sale or a good return in the case of rental.

• Estimated IRR

Assuming efficient execution, an IRR of 10.94% for the developer and a return of 20% for the final buyer are estimated. These figures are estimates and are not guaranteed.

An accessible, renovated, legalized product with demand that we consider to be growing in the current market, although the outcome of the operation is not guaranteed.

Past or estimated returns do not guarantee future returns. Investing involves a risk of total or partial loss of the invested capital.