Apartment in Moncofa, Castellon, Spain 3 bedrooms, 105 sq.m. No. 195831

MONCOFA PLAYA – INVESTMENT WITH FUTURE VISION | 50 METERS FROM THE BEACH

Unique opportunity for investors and individuals seeking to purchase today a property with interesting medium-term returns. Located in Moncofa Playa, in the second line and just 50 meters from the sea, we present this spacious 105 m² apartment. The property features:

• 3 bedrooms
• 1 living/dining room
• 1 separate kitchen
• 1 bathroom
• 1 covered terrace
• 1 entrance hall

The property is currently rented under a valid contract until August 31, 2028. The existing contract must be respected until its expiration.

The current yield is approximately 3.4% gross annually on the purchase price. Once the contract ends, the future owner can analyze the local rental market and decide the strategy that best suits their objectives. There is significant potential for future rental income growth due to the launch of Volkswagen's POWER C gigafactory in Sagunto.

For Moncofa, located just 15 minutes by car from Parc Sagunt II, the "Volkswagen effect" of the gigafactory represents a genuine real estate revolution and strong strategic repositioning. Moncofa has ceased to be primarily a tourist municipality or second-home destination and has transformed into a key residential hub for plant professionals.

The inability to find affordable housing in Sagunto has massively diverted demand northward. This has triggered an unprecedented price rally in Moncofa:

Moncofa Beach is leading the increases, now reaching €2,254/m², attracting people with greater purchasing power seeking coastal properties.

At a price of €1,190/m², this apartment is valued at nearly 90% below current market prices; this property is the ideal opportunity to invest your money with strong future returns.