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Apartment with a balcony and a view of the ocean in a hotel, Fañabé Beach, Tenerife, Spain. Guaranteed rental income!

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Yield: 5.0% Built in 1989
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Features
  • Lettable area: 48 m²
  • Total premises: 11
  • Balcony or terrace
  • Swimming pool

Prompt sale of 11 apartments in a hotel built in 1989. The territory and some apartments were refurbished six years ago. 

The apartments are situated on the ground, second, third and fourth floors. The windows of the rooms overlook the swimming pool and the street and have a view of the ocean. 

Interior

All the apartments consist of a living room and a spacious bedroom with access to the balcony of 5 m², a bathroom.

Financial performance

The owner is going to reconstruct the building the next year. It will allow to resell these apartments at the price of 150,000 — 160,000 euros in 2 – 3 years while receiving a guaranteed rental income.

Advantages

The operating company takes the individuals' apartments on the assured tenancy paying about 5 – 6% per annum. 

The management company undertakes to pay for utility services, taxes in full.

Location and nearby objects

The hotel is located in a popular resort of Tenerife, Fañabé Beach.

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We can help you to get a mortgage on favourable terms. A residence permit can be obtained with the purchase of this property. Please ask our team for more information.

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If this property wasn’t for you, take a look at other hotel rooms for sale in Spain.

You can see more hotel rooms for sale in Fañabé elsewhere on our website.

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Enquire about this hotel room
Artem Ezhkov
Real Estate Expert Tranio in Fañabé
+44 20 3608 1267
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    • Bank financing from 2.5% annually
    • Construction site audits
    • Management company services