12 bedrooms Commercial property for sale in Santiago del Teide, Spain by Lusa Realty No. 291049

12 bedrooms Commercial property in Santiago del Teide, Spain No. 291049

$ 1 386 797

$ 2 819 per m²

12 Bedrooms

12 Bathrooms

492 Living space, m²

Santiago del Teide, Spain

Lusa Realty

Contact seller

Parameters

Bedrooms

Bathrooms

Living space, m²

492

291049

Type

Commercial property

Property description

Unique opportunity in Puerto de Santiago – Building with 12 apartments just 150 metres from the sea.
An entire building is for sale in one of the most sought-after areas on the south-west coast of Tenerife, just a few steps from “La Chica” beach and surrounded by all amenities, restaurants and tourist areas.
This property represents an excellent investment opportunity with high potential returns.
The building, spread over three floors plus a large communal roof terrace with views of Mount Teide and the sea, comprises 12 apartments, some with a balcony or terrace:
•⁠ ⁠Ground floor: 3 studios and 1 one-bedroom apartment, plus communal areas.
•⁠ ⁠First floor: 5 studios and communal areas.
•⁠ ⁠Second floor: 3 one-bedroom apartments and communal areas.
•⁠ ⁠Roof terrace: versatile communal space with magnificent panoramic views.
All properties are currently let on long-term leases, guaranteeing immediate income for the new owner. The apartments are in need of refurbishment, offering the opportunity to personalise and significantly increase the value of the property.

With hot water provided by solar panels and no community fees, this building offers complete independence and an unbeatable location in an area in high demand for both tourism and residential purposes.
A solid and strategic investment in Puerto de Santiago, just a few metres from the sea.
As all the apartments in the building are rented and the business is still running, we do not publish photos for reasons of discretion. Contact us and we will be happy to give you more details.
IBI (property tax): €711/year.
Year of construction: 1989.
Lusa Realty reference: 52934. | ID: 52934

Statistics Santiago del Teide

$ 3 385

Price per m²

N/A

Quality of Life Index

N/A

Cost of living Index

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Parameters

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Difference

Monthly Rent Cost

1-Room Apartment

$ 1 141

2-Room Apartment

$ 699

Apartment Purchase Price per m²

In the City Center

$ 3 385

Outside the City Center

$ 2 307

Crime Index

Cost of Living and Rent Index

N/A

Purchasing Power Index

N/A

Property Price to Income Ratio

Safety Index

Traffic CO₂ Index

7980

Traffic Inefficiency Index

109

Rent Index

Health Care Index

Groceries Index

N/A

Pollution Index

Traffic Commute Time Index

Restaurant Price Index

N/A

Climate Index

Cost of Living Index

N/A

Quality of Life Index

N/A

Traffic Index

140

Restaurants

Meal, Inexpensive Restaurant

$ 19.04

Meal for 2 People, Mid-range Restaurant, Three-course

$ 62.31

McMeal at McDonalds (or Equivalent Combo Meal)

$ 9.81

Domestic Beer (0.5 liter draught)

$ 3.06

Imported Beer (0.33 liter bottle)

$ 3.46

Coke/Pepsi (0.33 liter bottle)

$ 2.02

Water (0.33 liter bottle)

$ 1.15

Cappuccino (regular)

$ 1.90

Markets

Milk (regular), (1 liter)

$ 1.24

Loaf of Fresh White Bread (500g)

$ 2.34

Eggs (regular) (12)

$ 3.46

Local Cheese (1kg)

$ 18.46

Water (1.5 liter bottle)

$ 0.74

Bottle of Wine (Mid-Range)

$ 6.91

Domestic Beer (0.5 liter bottle)

$ 1.44

Imported Beer (0.33 liter bottle)

$ 1.77

Cigarettes 20 Pack (Marlboro)

$ 4.77

Apples (1kg)

$ 2.80

Chicken Fillets (1kg)

$ 10.38

Oranges (1kg)

$ 2.08

Potato (1kg)

$ 2.17

Lettuce (1 head)

$ 1.71

Rice (white), (1kg)

$ 1.62

Tomato (1kg)

$ 2.64

Banana (1kg)

$ 2.31

Onion (1kg)

$ 1.92

Beef Round (1kg) (or Equivalent Back Leg Red Meat)

$ 18.17

Transportation

One-way Ticket (Local Transport)

$ 0.87

Monthly Pass (Regular Price)

$ 0.00

Gasoline (1 liter)

$ 1.54

Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)

$ 25 384

Taxi Start (Normal Tariff)

$ 3.81

Taxi 1km (Normal Tariff)

$ 1.73

Taxi 1hour Waiting (Normal Tariff)

$ 17.31

Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)

$ 29 965

Utilities (Monthly)

Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment

$ 128

Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)

$ 36.26

Mobile Phone Monthly Plan with Calls and 10GB+ Data

$ 23.08

Salaries And Financing

Average Monthly Net Salary (After Tax)

$ 1 429

Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate

Sports And Leisure

Fitness Club, Monthly Fee for 1 Adult

$ 49.04

Tennis Court Rent (1 Hour on Weekend)

$ 25.00

Cinema, International Release, 1 Seat

$ 9.97

Clothing And Shoes

1 Pair of Jeans (Levis 501 Or Similar)

$ 69.23

1 Summer Dress in a Chain Store (Zara, H&M, ...)

$ 36.92

1 Pair of Nike Running Shoes (Mid-Range)

$ 80.19

1 Pair of Men Leather Business Shoes

$ 75.00

Childcare

Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child

$ 388

International Primary School, Yearly for 1 Child

$ 5 442

Lusa Realty

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