Canary Islands, Tenerife, Santa Cruz de Tenerife, Spain
- BATHROOMS
3
- SIZE
8,288 sq ft
770 sq m
Key features
- Air conditioner
- Furnished
- Build in 1970
Description
An excellent investment opportunity in premises strategically located on La Rambla in Santa Cruz de Tenerife, near the Hospiten University Hospital, the Parish Church of San José, and just 5 minutes from the Real Club Náutico de Tenerife. This spacious unit comprises 770 m² spread over a single floor, offering natural light thanks to its design and several entrance doors for easy access.
Currently, the unit is divided into various work areas and offices, but can easily be converted into an open-plan space to suit the new owner’s requirements. It features central air conditioning for added comfort and has three bathrooms.
For investors, the premises are currently let at a rent of €5,000 per month. There is the option to purchase the premises with the current tenant, guaranteeing a stable income for at least three years, or to purchase it vacant for those interested in setting up their own business in this prime location.
Location with great potential for appreciation.
Just a few metres from the premises, Anaga Terraces Homes, a new housing development, is currently under construction. This new-build project will increase demand and the value of the area in the near future, making it an even more attractive investment.
Location: Rambla de Santa Cruz, Santa Cruz de Tenerife
High visibility and footfall; established residential and commercial area; growing neighbourhood
Floor area: 769 m²
Price: €780,000
Current rental income: €52,800/year
Initial yield: 6.8%
Upside: rental income growth and capital appreciation
Current rental income €52,800/year Initial yield 6.8% Potential rental income €55,000 – €65,000
Potential yield 7% – 8.5% Value upside +25% to +50%
Asten Realty Reference: 9273.
Canary Islands, Tenerife, Santa Cruz de Tenerife, Spain
NEAREST AIRPORTS
Distances are straight line measurements- Tenerife(International)34.8 miles
- Gran Canaria(International)64.2 miles
- La Palma(International)91.6 miles
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Notes
This is a property advertisement provided and maintained by Asten Realty, Adeje (reference 9273) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.