Restaurant in the tourist center of Tenerife, Spain

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Restaurant in the tourist center of Tenerife, Spain

735,000 €
2,100 € /m²
£633,000
£1,808 /m²
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  • Total area
    350 m²
Details
Property parameters
  • Leasable area: 350 m²

Ready business in the tourist center of the most popular resort of the island of Tenerife — Playa de las Americas.

Description

The restaurant is designed for 40–50 tables, includes a large terrace and an office area of about 190 m² + warehouse.

The restaurant is in excellent condition, does not require investments.

Extra opportunities

A Golden Visa can be obtained with the purchase of this property (residence permit for investments).

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Financial performance

The absolute annual income is 112,500 €.

The current yield is 15% (under own management).

Tenants

Without tenant.

Location and nearby infrastructure

The property is located in the heart of the resort of Tenerife, Playa de las Americas, at the intersection of major highways and tourist flows.

Playa de las Americas is the largest resort in the south of Tenerife and the most popular resort on the island. It is located 75 km from the capital of the island — the city of Santa Cruz.

The resort is located at a distance of 20 km from the South International Airport and 80 km from the North Airport. The territory of Las Americas, together with the coastal zone, covers an area of ​​1.54 km². It is managed and part of the municipality of Arona.

The resort area includes bars, nightclubs, restaurants, attractions and beaches most of which are artificial with sand imported from Africa, as the local sand is black because of volcanic origin.

Playa de las Americas is the center of Tenerife’s nightlife.

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