Commercial space near the beach, Tenerife, Spain

Additional information is provided after the signing of an NDA

Commercial space near the beach, Tenerife, Spain

1,550,000 €
4,305 € /m²
£1,335,000
£3,708 /m²
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  • Total area
    360 m²
  • Yield
    5.8%
Details
Financial performance
  • Annual income: 90,000 €
Tenants
  • Fully let
Transaction costs
  • Broker: 1.5%

Commercial space in the center of Playa de Las Americas.

Description

The space has 2 floors (lower floor is 157 m² and upper floor is 153 m²) and a terrace of 50 m². The entrance is from the main tourist street with shops, restaurants and night clubs.

Currently, the space is leased to a restaurant.

Extra opportunities

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

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Location and nearby infrastructure

The property is located in the center of ​​Playa de las Americas, 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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