Canary Islands, Gran Canaria, Mogan, Spain

Ref. 01_00680
Canarias Paradise Real Estate is pleased to present this attractive investment property in Arguineguín, in the south of Gran Canaria, consisting of 6 separate residential units, all currently rented. According to the current rental schedule, the property generates a total rental income of €3,750 per month, equivalent to €45,000 per year. Based on the asking price of €845,000, this represents a current gross rental yield of approximately 5.33% per year, before costs, taxes and other expenses. The building offers approximately 389 m2 of constructed area distributed over two floors and comprises six individual apartments of different sizes: 1 apartment with 1 bedroom, approximately 42 m2 1 apartment with 1 bedroom, approximately 43 m2 1 apartment with 2 bedrooms, approximately 54 m2 1 apartment with 2 bedrooms, approximately 60 m2 1 apartment with 2 bedrooms, approximately 65 m2 1 apartment with 3 bedrooms and a terrace, approximately 125 m2 All six units are currently rented, allowing the new owner to benefit from existing rental income from the moment of purchase. The property was originally built in 1988 and is located in Arguineguín, one of the established residential and holiday areas of the municipality of Mogán. The area offers a wide range of shops, restaurants, services and good transport connections. The combination of six independent residential units, an established rental income and a location in the south of Gran Canaria makes this property particularly interesting for investors seeking an income-generating real estate asset. Asking price: €845,000 Current rental income: €3,750/month Annual rental income: €45,000/year Gross rental yield: approx. 5.33% p.a. For further information or to arrange a viewing, please do not hesitate to contact us. The sale price does not include taxes and expenses arising from the purchase, nor notary, land registry or administrative fees. The information provided is subject to possible errors, omissions, price changes or withdrawal from the market without prior notice.