Condominium buy in Las Galletas Canary Islands

Welcome to the island paradise of Tenerife, where the sun shines and the spring season is eternal. If you're looking for a once-in-a-lifetime investment opportunity, then this could be your perfect chance. For sale is a formidable building in the south of Tenerife, located next to the ocean and boasting stunning views. The building was constructed in 2002, facing south and not far from a small beach. It was designed for geriatric use and appears mostly residential, complemented by premises and services. With over 8,000 m2 built across 3 floors, the building boasts a total of 109 apartments, studios, and offices, a reception area, restaurant with kitchen, pub, fitness room, laundries, 14 closed garages, 20 storage rooms, some 500 m2 of street parking, 2 lifts, and 2 swimming pools with their bar and solarium area. The partial horizontal division has already been made, and some individual units have been sold, which makes the present sale offer all the more attractive. Currently, the structure operates with great success as 3* Tourist Apartments. However, the elevator, children's pool, and restaurant are not in use. This building presents an opportunity to own 20 apartments with 1 bedroom, 70 studios, as well as all the premises and garages. Community fees are €4,000 per month and the IBI is €19,000 per year. The total size of the flat is 8000 m2. The sales price for this incredible property is 10,750,000€, so don't miss out on this chance of a lifetime. If you're looking for an investment opportunity, then this is the one for you. With a terrace, garage, swimming pool, fitness room, and more, there are endless possibilities for this incredible building. Contact us now to arrange a visit and see this property for yourself. Reference number: TF-L37.