Gran Via Torreblanco 2

Gran Via Torreblanco, Castellón de la Plana

Funded

86.414 € (100%)

Total

86.414 €

168 Investors

Completed

Operation Total:

86.414,12 €

Mortgage:

0,00 €

Total to finance:

86.414,12 €

Internal Rate of Return (IRR):

10,55 %

Gross Rent Return

10,41 %

Net Rent Return

4,37 %

Cash on Cash

5,82 %

Return on Equity (ROE)

4,37 %
What do these figures mean?

Total operation: Total project investment.

Mortgage: Banking financing that will be requested to achieve the project.

Total funds: Funds requested from investors.

IRR: Return offered by the investment.

Gross Return on Rent: Total rent income divided by the total cost of the operation.

Net Rent Return: Return of the investor for the rent (once all the expenses of the project have been deducted), with respect to the total of the operation.

Cash on Cash: Income obtained by the shareholder in relation to his investment.

ROE: Net Financial Return for the Shareholder.

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Gran Via Torreblanco 2

Gran Via Torreblanco, Castellón de la Plana

Funded

86.414 € (100%)

Total

86.414,12 €

168 Inversores

Completed

Funded

86.414 € (100%)

Total

86.414,12 €

168 Inversores

Completed

Operation Total:

86.414,12 €

Mortgage:

0,00 €

Total to finance:

86.414,12 €

Internal Rate of Return (IRR):

10,55 %

Gross Rent Return

10,41 %

Net Rent Return

4,37 %

Cash on Cash

5,82 %

Return on Equity (ROE)

4,37 %
What do these figures mean?

Total operation: Total project investment.

Mortgage: Banking financing that will be requested to achieve the project.

Total funds: Funds requested from investors.

IRR: Return offered by the investment.

Gross Return on Rent: Total rent income divided by the total cost of the operation.

Net Rent Return: Return of the investor for the rent (once all the expenses of the project have been deducted), with respect to the total of the operation.

Cash on Cash: Income obtained by the shareholder in relation to his investment.

ROE: Net Financial Return for the Shareholder.

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Project summary

Why invest in this apartment?

High Expected Return for the Final Buyer

With its low acquisition cost and projected rental income, the final buyer can expect returns exceeding 18%.

Affordable Financing

With a 70% mortgage, the buyer only needs to contribute around €30,000 including taxes. The monthly payment will be less than €300.

Turnkey Product

Fully renovated apartment with change of use already processed and furnished. Ready to rent from day one.

Information about the apartment

We are pleased to present the second of our four planned "flipping" investment opportunities in Castellón: the Gran Vía Torreblanco Project – Unit 2.

You can read more about our "flipping" investment model here, and find all the details of the Gran Vía Torreblanco Project here.

The project involves transforming a commercial unit on Gran Vía Tárrega Monteblanco into four independent residential apartments, along with twelve storage units, each with its own cadastral reference.

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

Our goal is to offer a property with high demand and limited supply: completely renovated, designed for 2 guests, in an excellent location, and at a very competitive price accessible to any investor.

This operation is part of a new line of more agile projects, with fast capital turnover and highly attractive returns for our partners.

The aim is to achieve a sale in the shortest possible time.

Why invest in converting commercial spaces into residential units?

Converting commercial premises into housing represents an investment strategy with strong profitability potential, especially in a context of growing demand for affordable housing and imminent regulatory changes in the Valencia region.

Main advantages include:

  • Increase in property value

The change of use from commercial to residential responds to a structural demand in the urban market and generates a significant increase in the final value of the property.

  • Higher total income per square meter

These compact, well-designed apartments tend to generate proportionally higher income. In the case of Gran Vía 2, annual rental income is estimated at around €9,000, maximizing profitability per unit.

  • Attractive to diverse tenant profiles

This type of housing appeals to young professionals, students, couples, expatriates, and remote workers. This diversity ensures stable and continuous occupancy.

  • Very competitive final sale price

The target price is €86,414, including renovation and furniture. This figure is well below the average price of similar homes in the area, enabling either a quick sale or a highly profitable rental.

  • Exceptionally high IRR

Thanks to efficient execution, an IRR of 10.55% for the developer is estimated, with a return of 18% for the final buyer. This makes Gran Vía 2 a real estate investment offering an excellent balance of profitability, security, and appreciation potential.

A clear opportunity to invest in an accessible, renovated, legalized product with real and growing demand in today’s market.

Performance of similar apartments

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City

Castellón de la Plana

Neighborhood

Ensanche

Antiquity

2025

Property registry number

1902403YK5310S0001KR

Type of property

Flipping

Type of investment

Residential

Square meter

36

Number of rooms

1

Number of bathrooms

1

Manager

Brickstarter

Promoter

Brickstarter

Location

Strategic location in Castellón

Located on Gran Vía Tárrega Monteblanco, one of the city’s main avenues, well-connected and consolidated.

Surrounded by services

Pharmacies, schools, supermarkets, health centers and parks all within a 10-minute walk.

High residential demand area

Ideal for investors seeking fast-turnover assets with appreciation potential.

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