1785 m²
Bedrooms 
Description
We present a unique investment opportunity – an impressive building that is already successfully operating in the short-term rental market on platforms such as Airbnb and Booking. Thanks to its prime location in the heart of the beautiful historic city of Castellón, this property offers enormous potential. It features brand-new, fully equipped apartments finished to the highest standard.
Property details:
– Three ready-to-rent, high-end modern apartments, equipped with all luxury details.
– The ground floor includes a shared entrance area, a separate toilet, and a modern studio with a living room, fully equipped kitchen, bathroom, and a cozy bedroom.
– The first floor features a spacious apartment with two rooms, two designer bathrooms, and a high-quality kitchen.
– The second floor offers another two-bedroom apartment with a bright living room, elegant bathroom, and functional kitchen.
– The top floor is an attic ready for renovation, allowing you to adapt it to your preferences. This level also includes a studio and three terraces. You can create a luxury penthouse or obtain permission to add a fifth level.
Strategically located just 5 minutes from the heart of Castellón’s city center, this building is an ideal investment for those seeking a high-standard property in a prime location.
Estimated cost of renovating the attic and terraces (utilities and new windows are already in place) and equipping it to the same standard as the lower floors: €50,000.
There is also an option to take over the company and its existing renovation loan: €145,000 remaining, to be paid over 14 years, with a fixed monthly rate of €850 at an interest rate of 3.25%.
For interested parties, we can provide profit and cost estimates based on booking data (the property has been operating since December 2023!) – supported by Airbnb algorithm analytics.
Excluding the consistent property value growth of at least 8% annually on the Costa Blanca and additional appreciation potential due to the upcoming Volkswagen factory nearby, the net rental return (after agency and utility costs) ranges from 8.6% to 13.5% annually, averaging 10%, which means the investment pays for itself in 10 years.
This property offers not only a solid return on investment but also excellent long-term capital growth potential, especially with the Volkswagen plant being built in the area.
This is a unique opportunity – don’t miss it! Contact us today to learn more.
Sea view 
Swimming pool 
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