Kyero - Property for sale and rent in SpainKyero - Property for sale and rent in Spain

Puerto De Santiago apartment for sale €1,025,000

  • Build size385 m²

For sale this successful business of 7 one bedroom apartments in Puerto de Santiago, about 10min walking distance to Los Gigantes. Located on the front line 4 of the apartments have amazing Ocean views and the other 3 apartments have no views.All apartments have been recently refurbished and currently being let out on a short term basis. All apartments have Vivienda Vacacional (short term holiday license) so there is no problem to let them out on a short term basis with great returns.The apartments with Ocean views are approximately 55sqm in size and have a terrace of about 8sqm. The apartments with no views are similar in size but have no terraces.The apartments already have bookings for this year and beginning of 2020 so the new owners will be able to take them on with all reservations and the future revenue that will be generated. The apartments currently are being let at approximately 50-60EUR per night with the Ocean view and about 30-40EUR per night with no views. In general the value of the estate in Tenerife is increasing steadily at at least 10% year on year basis.The building itself is very well located close to all local amenities such as bars, restaurants, cafes, shops and supermarkets. There is a small but very cosy Chica Beach just below the building which can be seen from some of the apartments (about 2-3min walking distance). There are also larger Playa de la Arena and Los Gigantes beaches both of which are about 12-15min walking distance. Puerto de Santiago is about 40km away from Tenerife South airport and about 20km away from Playa de las Americas and Los Cristianos. The weather in this part of the island is very nice and sunny throughout the year with over 300 days of sunshine.This is an ideal opportunity to buy a successful business in the sun! Opportunity not to be missed. Please note that the apartments are not being sold individually, only all together.

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Property featured by
RE/MAX Ideal Homes
RE/MAX Ideal Homes

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