Commercial for sale in Teror, Gran Canaria

Restaurant and hotel with garage and right to build additional floors, a 10-minute walk from the historic center of Teror. Investment opportunity. Suitable for the RIC.

This exceptional commercial property is for sale in the municipality of Teror, Gran Canaria, a unique opportunity for investors seeking versatility, profitability, and a prime location, just 1 km from the iconic Basílica de Nuestra Señora de Pino.

The building is currently operating, generating income from both the restaurant business and tourist accommodation.

The building has 1,476 m2 built area, distributed over three floors with multiple uses:
- The upper floor, with a built area of 503.80 m2. Currently set up and recognized as Hotel El Pino. It has 9 rooms with private bathrooms, five with outdoor terraces and four interior rooms with natural light. The rooms are equipped with heating and air conditioning, ensuring comfort all year round. It also includes a living room, a laundry area, and two rooms with a toilet currently used as a storage room and an office.
- The ground floor, with 570.80 m2 built area. It houses the well-known Restaurante Grill Casa Chano, with capacity for 200 diners. Functional layout with spacious dining rooms, an industrial kitchen, a professional grill, a service bar, and a terrace. Perfect for events, celebrations, or daily operation.
- Semi-basement floor, with 402 m2 built area, currently mostly in raw condition. Its use is intended for a garage and storage, offering multiple possibilities for adaptation depending on needs.

The building has a horizontal division and includes right to build additional floors, which allows for future extensions in accordance with current regulations.

Strategic location for tourism. Located near the historic center in a peaceful setting attractive to hikers and nature lovers, enhancing its appeal for foreign tourism and for clients looking to stay in charming rural areas. Its proximity to the town makes it an ideal location for developing a well-established tourism business. Very well connected with public transport and with all services nearby, such as supermarkets, a pharmacy, a health center, a sports complex, parks, and shops.