Terraced Villa for sale in Las Galletas, Arona, Tenerife

Excellent Investment Opportunity – Las Galletas, Tenerife

4 Apartments | Approx. 300 m² | Additional Ground-Floor Room | Large Roof Terrace | Potential Rental Income €3,800 Per Month.

This impressive two-storey building has been thoughtfully converted into four self-contained apartments, offering an attractive opportunity for investors seeking a substantial rental income in a desirable coastal location.

The entire property has been fully renovated throughout, providing modern, attractive accommodation ready for the long-term rental market.

In addition to the four apartments, the property benefits from an additional room on the ground floor with its own private access. This versatile space offers exciting potential to be converted into a commercial premises, subject to the necessary licences and permissions, creating an opportunity for an additional rental income stream. Alternatively, it could be used as valuable storage space.

One of the property's standout features is its expansive roof terrace, offering further potential for future development. Subject to the relevant planning permissions and approvals, there may be scope to create two additional apartments, further enhancing the property's investment potential.

Key Features

- Four self-contained apartments across two floors
- Fully renovated throughout
- Approximately 300 m²
- Additional ground-floor room with private access
- Potential to convert the additional room into a commercial premises, subject to approval
- Alternative use as storage space
- Spacious roof terrace with further development potential
- Potential to create two additional apartments, subject to planning permission
- Estimated long-term rental income of €3,800 per month
- Excellent coastal location moments from the ocean
- Attractive opportunity for buy-to-let investors

Investment Potential

Estimated Monthly Rental Income: €3,800
Estimated Annual Rental Income: €45,600
Indicative Gross Rental Yield: Approximately 6.5% per annum, based on the asking price of €700,000 and the estimated rental income stated above.

The potential income from the additional ground-floor room and any future approved development has not been included in these figures.

With its coastal location, renovated interiors, four independent apartments and additional space offering further possibilities, this property presents a compelling opportunity to acquire a substantial investment property in the south of Tenerife.

The combination of existing rental potential and scope to explore additional income streams makes this an appealing prospect for investors looking to expand their property portfolio.

Asking Price: €700,000