Nules, Castellón 12520 0.59 Acres of Commercial Land Offered at £188,094

GRUPOINVERCASA is marketing a halted construction project in Nules (Castellón) with significant residential development potential, aimed at property developers, construction companies, investment funds, and asset management firms. Asset Description The project has an approximate completion level of 15%, allowing construction to continue by utilising part of the existing infrastructure and adapting the project to current market needs. It offers an above-ground buildable area of 6,480 m², intended for the development of a multi-family building with an estimated capacity for 48 homes. Key Features - Halted construction project with approximately 15% completion. - Above-ground buildable area: 6,480 m². - Estimated capacity: 48 homes. - Potential for project reconfiguration based on current demand. - Advantage in timelines and costs by leveraging existing infrastructure. Investment Opportunity The scarcity of ready-to-build land and the growing demand for new housing make this asset an attractive alternative for various business models: development for sale, asset investment, or rental development. The ability to develop approximately 48 homes in a well-established location facilitates the implementation of diverse commercial strategies. Recommended Target Audience - Property developers - Construction companies - Investment funds - Family offices - Asset management firms - Housing cooperatives Location Nules, a key municipality in the Plana Baixa region, is situated between Castellón and Valencia, along the Mediterranean coast and near major industrial and commercial hubs. The project is located in a well-established area, surrounded by residential properties and with immediate access to services. It benefits from excellent road connections (N-340 and AP-7), a local train service, and access to the Mediterranean Motorway, ensuring easy connectivity to Castellón, Valencia, and the wider Mediterranean region. Profile of the Marketing Company GRUPOINVERCASA has over 30 years of experience in real estate investment. It is a member of API nº 01818 and is listed in the Register of Real Estate Intermediary Agents RAI-CV 4331. This asset represents an opportunity to develop a real estate project with medium- to long-term profitability and value appreciation expectations.