All 10 photo

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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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Features
  • Yield: 5.0%
  • Built in 1989
  • Leasable area: 48 m²
  • Total rooms: 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.

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.

More properties

If this property wasn’t for you, take a look at other buy-to-let apartments for sale in Spain.

You can see more buy-to-let apartments for sale in Santa Cruz de Tenerife elsewhere on our website.

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Svetlana Larionova
Svetlana Larionova
Real Estate Expert Tranio in Santa Cruz de Tenerife
+44 20 3608 1267
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