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Building for Sale in Arona (Tenerife)  -  Ref.: 0067-04660

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Building for Sale in Arona

Price

849,000 €

Metro 2 Built2,542 €

Area

Built334 m2

Area: Cabo Blanco

  • 5 Bedrooms
  • 5 Bathrooms
  • Refurbished

description

Aquí tienes la traducción al inglés, manteniendo una estructura clara y un tono profesional adecuado para el sector inmobiliario: If you are looking for a building ready to generate profit from day one, this is a rare opportunity in the south of Tenerife. Urban plot: 206 m2 (106 m2 built, 100 m2 unbuilt). Built area: 334.40 m2. Units: 5 one-bedroom apartments. Garage: Capacity for 2 cars. Rental potential: Approximately €5,000 per month. Approximate gross yield: 7.1% per year. DISTRIBUTION Ground Floor 1 one-bedroom unit. Living room with kitchen. 1 bathroom. Garage. Private garden on urban land. First Floor 2 one-bedroom apartments. Fully equipped and furnished. Open-plan kitchen (cocina americana). One unit features a balcony. Second Floor 2 additional one-bedroom apartments. Fully equipped and furnished. Open-plan kitchen. One unit also features a balcony. Roof Level Walkable rooftop terrace with multiple usage and leisure possibilities. Renovated and Ready to Move In The building has been renovated and is set up to start generating income immediately without the need for any construction work: Completely updated electrical installation. New plumbing and drainage system. Independent water and electricity meters for each unit. A Property with Great Potential Beyond standard rental yield, this building is ideal for companies needing staff accommodation—a growing demand in the south of Tenerife due to the shortage of available housing. The current building occupies only part of the plot, leaving a large open space. According to the information provided by the owner, this urban land offers the possibility to expand the existing structure, adding significant future value to the property. A secure investment with several operational options and a building fully equipped to produce returns from day one. COMPLIMENTARY CLAUSE - Transparency and Expense Breakdown Clause (Law 10/2025) SALE PRICE: As stated in the listing + expenses. In compliance with the disclosure obligations set forth in Law 10/2025, of December 28, on Customer Services and Transparency, as well as applicable sector regulations, please note that the stated price does not include the expenses and taxes inherent to the acquisition, which are detailed below: Property Transfer Tax (ITP): The current tax rate in the Autonomous Community of the CANARY ISLANDS will apply (generally 6.5%, without prejudice to reduced rates applicable according to the buyer's personal circumstances or the property's characteristics). Tax is levied on the Cadastral Reference Value or the purchase price, whichever is higher. Notary Fees: Notary fees will be calculated in accordance with the official tariff regulated in Annex I of Royal Decree 1426/1989, of November 17, approving the Notarial Tariff. Land Registry Fees: Registration in the Land Registry will be billed according to the official tariff established in ANNEX I of Royal Decree 1427/1989, of November 17, approving the Registry Tariff. Seller's Agency Fees: Included in the retail price (PVP). Buyer's Agency Fees: Please note that professional fees may eventually apply to the buyer in cases where buyer representative services (PSI / Property Personal Shopper) have been contracted. NOT LINKED TO THE PURCHASE PRICE. For comprehensive information regarding notary procedures and fees, Land Registry enrollment, as well as ITP tax rates and deductions in your Autonomous Community, you may consult the following links:

features

  • Garage (1 Space)

surroundings

  • Teaching Institutions

transport network

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