This asset consists of 677 sqm located on a semi-basement level within a consolidated Mediterranean-style residential complex (Edificio Palma), currently configured as an open-plan space ready for immediate transformation. The property includes a technical project for conversion into a self-storage facility, one of the fastest-growing and most resilient asset classes in residential environments.
The project plans the development of 60 units, structured around a central distribution corridor designed to maximize operational efficiency, accessibility, and revenue per square meter. The elongated layout, combined with dual pedestrian access points, allows for optimal distribution and seamless user flow.
The total estimated investment amounts to €816,600, including acquisition, project, construction, and taxes. From this point, the real value of the asset lies in its dual exploitation strategy.
Under a unit sales scenario, individual units can be sold at market prices (€17,000–€25,000 per unit), generating revenues of up to €1,500,000 and delivering returns ranging from 24.9% to 83.7%. A clear value-add opportunity with strong margins and flexible exit.
Under a rental scenario, the asset provides immediate and recurring cash flow. With an estimated rent of €170/month per unit, annual income reaches €122,400, resulting in a gross yield close to 15%, significantly outperforming traditional real estate benchmarks.
This is a defensive asset with growing structural demand in consolidated residential areas where storage shortage is a real need. The atomized model reduces vacancy risk, removes single-tenant dependency, and ensures long-term stability with minimal operating costs.
In a market where traditional assets are increasingly compressed, this opportunity stands out for its combination of yield, security, and scalability.
An investment designed for investors looking beyond the conventional. Serious enquiries only.
