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Commercial property in San Miguel De Abona €3,500,000

Look Tenerife Property in conjunction with our collaborating agents have just been instructed to bring to market this excellent investment opportunity, consisting of a well maintained Aparthotel with land located in a respectable golf area in the south of Tenerife. The hotel consists of 18 apartments, it has an adjacent area with pool and jacuzzi, restaurant, bar, tennis court, parking area and additional housing space. Of the 18 apartments 6 are studios and 12 - one bedroom apartments. The total area being sold comprises of a combined ​​30.000m2, of which the hotel complex has an area of 2.500m2 on the remaining 27.500m2 plot it is possible to build a further 5 * hotel, with a current license being available.

Currently this area is rented to a golf club and brings a steady income. The hotel is well filled throughout the year and is quite profitable. Additional space can be used for new touristic services, such as fitness club, game rooms, apartments etc. The terraces of all the apartments have a beautiful view on the golf fields and the ocean. Nearby is a golf club, within walking distance - an equestrian club, shops, bars, restaurants, the seaside promenade and the marina. The local municipality confirmed that money were allocated for the improvement and development of the area. The modernisation plan implies building a longer seaside promenade, a well equipped beach and the creation of additional services that will make this area more attractive for tourism and investment.

This is a profitable investment with the capacity to expand business and development............PRICE NOW 3,500,000 EUROS

Additional features
  • Double glazing
  • Car garage

Agent Information

Shaun Thompson

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