Apartment for sale in Moncofa, Castellón

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 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 is considered a genuine real estate opportunity with strong strategic repositioning. Moncofa has shifted from being primarily a tourist municipality or second-home destination to becoming a key residential hub for plant professionals.

The lack of affordable housing in Sagunto has diverted demand northward, triggering significant price increases in Moncofa.

Moncofa Beach is leading these 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 is an opportunity to invest with strong potential for future returns.