Apartment for sale in Los Gigantes, Santiago del Teide, Tenerife

An exclusive penthouse is for sale on a leasehold basis, offering stunning views of the sea and the majestic cliffs of Los Gigantes in Tenerife, located in one of the most valued and renowned areas of the island.
The property is part of the iconic residential complex Poblado Marinero, a picturesque setting known for its traditional Canarian architecture, peaceful atmosphere, and immediate proximity to the beach, the Los Gigantes Marina, and the sea.
Located in the municipality of Santiago del Teide, in the area of Los Acantilados de Los Gigantes, this penthouse offers a privileged location for those who wish to live by the ocean in a place of great scenic and touristic value. The home has approximately 70 m² of built area, including the terrace.
The interior includes a bright double bedroom with built-in wardrobes and natural ventilation; a spacious living room with direct access to the terrace; an American-style kitchen; a full bathroom; and a practical storage space with room for a washing machine and electric water heater. The property is situated on the third floor with an elevator, ensuring full comfort and accessibility.
The building stands out for its excellent internal connectivity: the elevator offers direct access to the garage area, which also connects to the beach and the marina, allowing you to enjoy the sea within minutes without needing a car. The complex offers numerous facilities at street level, such as bars and restaurants, supermarkets, shops and an attractive beach club, creating a practical and vibrant environment for both residents and visitors.
The bathroom has been recently renovated, as well as the electrical installation and all lighting. The entire property has also just been freshly painted.
Important: This property is subject to an administrative concession (Leasehold) valid until 2050, the longest in all of the Canary Islands. All apartments, commercial premises and moorings in this area follow this system due to their proximity to the coast, making prices very competitive. When purchasing, you are acquiring the right of use and enjoyment until the end of the concession.
This penthouse is ideal for long-term rental between €1,100 and €1,200 per month, plus electricity costs. Holiday rentals are not permitted in this complex.
For example, at €1,100 per month, that amounts to €13,200 per year, which over 25 years (300 months) equals €330,000. This represents an excellent investment opportunity, with an annual gross return of 8%.