Reental has successfully completed the project Burriana 1, located in the Parque Jardín de Beso 21, 3rd right, in Burriana, Castellón de la Plana. This 53 m² property, with 3 bedrooms, living room, kitchen and bathroom, has been used for rent, attracting tenants looking for quality and proximity to the center, schools, sports areas and the popular Burriana beach, home of the Arenal Sound festival.
The challenge
Burriana 1 is located in an area with high demand for rent due to its proximity to the center and its attractive quality/price ratio. However, at the start of the project, the property needed to be optimized to meet tenants' expectations and maximize occupancy. The scarce rental offer in the area and its proximity to the beach and the famous Arenal Sound represented a perfect opportunity for this rental model.
Our Solution
Reental implemented a conditioning strategy in Burriana 1 to maximize their attractiveness and profitability in the rental market. The main actions were:
- Reforms and improvements to optimize each space and provide a comfortable and functional stay for tenants.
- Complete rental management, including supplies and maintenance, to ensure a quality experience.
- Privileged location next to the park, close to schools and minutes from the beach, attracting tenants who value comfort and proximity to services.
Outstanding results
- A total return was estimated at 26.01%, finally achieving a performance of 27.10%.
- The annual profitability of the project was 11.99% over a period of 3 years.
- The good location and quality of the property ensured full occupancy, generating constant income for investors.
Do you want to participate in successful real estate investment projects such as Burriana 1? Contact us and discover how Reental can help you maximize your investments in the real estate market!
