Entire Income-Producing Building | 617 sqm | 23 Letting Rooms | Licensed Commercial Unit | PV Installation | Garage | Courtyard
Real Urbe presents, on Diputación Street in Picassent, a rare freehold investment opportunity positioned for buyers seeking scale, proven income and strong underlying real estate fundamentals, rather than a conventional residential asset.
This is a fully operational whole building for sale, currently run as a room-letting asset, with 23 rooms in operation and more than €108,000 in effective annual income (GOI). Based on an asking price of €1,500,000, the asset offers an estimated initial gross yield of approximately 7.2%, supported by a real trading operation, an established configuration and a profile that is difficult to replicate within its local market.
The property comprises 617 sqm built area on a 379 sqm plot, and further benefits from a 116 sqm courtyard, 60 sqm porch, 32 sqm garage and a 32 sqm office/commercial unit with commercial licence, bathroom and air conditioning. This combination places the asset in a substantially stronger position than a standard residential building, incorporating additional components that enhance both functionality and long-term investment value.
Internally, the building is arranged to support operational efficiency and investment logic at scale. The layout includes: mezzanine level with 5 rooms, kitchen and 2 bathrooms; second floor with 5 rooms, kitchen and 2 bathrooms; third floor with 4 rooms, kitchen and 2 bathrooms; fourth floor with 3 rooms, enlarged kitchen, living room and bathroom; fifth floor with 4 rooms, kitchen and 2 bathrooms; plus an annex house with 2 rooms, storage room, kitchen and 2 bathrooms. This structure gives the property an uncommon operational footprint and a highly valuable income format for the professional investor.
Originally dating from 1950, the building underwent a substantial refurbishment between 2021 and 2023 across most of the asset. The units were stripped back and refurbished from scratch, including improvements to the insulation of the perimeter walls. Unit 4 had previously been renovated in 2015. The building has also successfully passed the ITE (Technical Building Inspection), providing an additional level of reassurance that is especially relevant in transactions of this calibre.
Beyond the refurbishment itself, one of the elements that truly differentiates this asset is its technical infrastructure, clearly above the norm for this type of product: centralised and hard-wired installations, data network, TV antenna, surveillance cameras, smoke detectors on each floor, fully equipped kitchens, and fully furnished rooms including bed, wardrobe, study desk, TV, fridge and ceiling fan. This is not a building that has been casually adapted for rental use; it is an asset prepared for continuous operation with a clear management rationale.
The investment case is further strengthened by a 10 kW shared photovoltaic installation, with self-consumption percentages allocated by unit, together with a garage fitted with a 3-metre automatic door and an electric vehicle charger of up to 24 kW. The garage meter also supplies the garage itself, the office, the annex house and a potential future construction in the courtyard, adding a level of foresight, flexibility and service capacity rarely found with this degree of coherence in urban assets of this scale.
Location provides the final strategic advantage: the building stands just 100 metres from the metro station, a highly functional factor for sustaining tenant demand and reinforcing the competitiveness of the asset. Also notable is the very contained tax burden for a property of this profile, with 2025 IBI of €538.61 and annual waste tax of €96.
Overall, this is not a mainstream residential acquisition, but a select income-producing investment asset designed for buyers who value recurring income, physical solidity, quality execution, functional location and scarcity of comparable stock. An opportunity for those who understand that certain real estate assets are acquired not only for what they produce today, but for the quality and resilience of the underlying property that supports those returns.
Extended information, technical documentation and financial breakdown available for qualified buyers.
Agency registered in the Register of Real Estate Intermediation Agents of the Valencian Community (RAICV No. 1181).
Legal certainty, professional management and full transactional support throughout the process.
In compliance with Law 10/2025 (Final Provision 3, Article 20.1(c) TRLGDCU), the advertised price does not include taxes or purchase-related costs. Real Urbe fees: 0% of the agreed purchase price. Purchase tax (ITP, Valencia Region): standard rate 10%; reduced rates may apply, e.g. 6% for buyers under 35 and 3% for large families/disability, subject to requirements (first main home and up to €180,000). Estimated costs: notary fees 0.2%–0.5% of the property value, Land Registry 0.1%–0.3%, and conveyancing/processing agent (“gestoría”, optional) €300–€600 depending on the provider.