Located in the charming country of Spain, Castelló de la Plana, this property presents an enticing investment opportunity. Priced at €65,810 per share, with an estimated minimal return of 5.03 percent, the value of the property is €65,810. This investment stands out for several reasons.
Firstly, the acquisition price is below market value, offering the potential for future appreciation up to €78,972. Additionally, the property is situated in an area with high residential demand, making it a sought-after location for potential residents.
Furthermore, the strategic location of the property provides easy access to essential services such as pharmacies, supermarkets, public transport, and parks. Its proximity to hospitals and educational centers ensures a high quality of life for future occupants.
Moreover, the property offers the opportunity for a change of use, transforming a commercial space into a modern and functional home. With minimal investment required for refurbishment, this property is primed for a lucrative transformation.
From a financial perspective, this investment boasts an internal rate of return (IRR) of 11.33% and a cash-on-cash return of 6.70%. With an expected appreciation in property value and stability in the area, this investment promises long-term profitability and growth potential.