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