Filling station in Tenerife, Canary Islands, Spain

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Filling station in Tenerife, Canary Islands, Spain

4,000,000 €
£3,427,000
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  • Yield
    5.1%
Details
Financial performance
  • Annual income: 204,000 €
Tenants
  • Fully let
  • End of lease: 2025
Transaction costs
  • Broker: 5.0%

Description

Filling station on the island of Tenerife.

Financial performance

The annual income is 204,000 €.

The yield is 5.1%.

Tenants

The lease was concluded until 2025 with an extension option.

Transaction costs

The brokerage fee is 5%.

Location and nearby infrastructure

The property is located on the island of Tenerife.

Tenerife is the largest island in the archipelago of the seven Canary Islands in the Atlantic Ocean. Like all Canary Islands, Tenerife has a volcanic origin, its highest point is the Teide volcano. The population of the island is more than 900 thousand people.

All year round there are a lot of festivals, carnivals, shows and bright holidays. You can visit a number of theme parks: Loro, Sky Park, Jungle Park, Costa Adeje Water Park or the Piramides de Guimar Ethnographic Park.

The island's economy is based on tourism, the service sector has received maximum development – its share is 78.08% of the total economic potential.

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If this ad doesn't suit you, have a look at the other gas stations for sale in Santa Cruz de Tenerife.

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