Townhouse for sale in Santa María de Guía de Gran Canaria, Gran Canaria

Rental building in Santa María de Guía – Ideal for immediate investment

The building currently in operation is for sale, designated for room rentals to students of Fernando Pessoa University. The property generates stable monthly income and offers an approximate annual gross yield of 6.74% on the current price. With minimal adjustments, this yield could reach 7.23%, making this property an attractive and active opportunity from day one.

The ground floor has a garage with capacity for three vehicles in a linear arrangement. The space originally intended for a warehouse has been adapted as a common area for students, with a spacious lounge and a bathroom, offering a comfortable environment for living together.

The first floor is fully renovated and features three bedrooms, a bathroom, and a equipped kitchen. All installations have been updated: electricity, plumbing, and telecommunications. The second floor has the same layout; the bathroom and doors have already been renovated, and only electricity and plumbing would need updating, which can be done easily and economically.

The top floor, attic-style, has been renovated and comprises two bedrooms, each with en-suite bathroom, a kitchen, and a terrace with unobstructed views of the town and the Guía mountain. All rooms are furnished and equipped with appliances and tableware, allowing the leasing activity to continue without interruptions.

The building is in very good overall condition and its layout allows maintaining the current operation or adapting it for other business models such as leasing by floor, coliving, or even accommodation with self-check-in. In addition, technical improvements have been planned to continue increasing performance.
A solid investment, already in operation, with good rental demand, updated maintenance, and real room for improvement.