€ 1,500,000
Villa for sale in San Cristóbal de La Laguna, Tenerife
- 340 m2
- 9
- 3
- 464 m2
Description
This is a unique type of property that is an ideal investment project. It is a massive 16th-century building located in the heart of the historic town of La Laguna in the north of Tenerife. La Laguna is a beautiful and busy town famous for its stunning architecture. The property is in a perfect location and is built over two levels.
On the lower level, there is the main entrance and a popular, busy restaurant that has been operating for many years. The restaurant occupies part of the ground floor, including a large section of the inner terrace. In addition to the restaurant, there are three more rooms that have been fitted out and could easily be used as another business or as an extension to the current restaurant. There is a large storage room that needs renovation, another section of the inner terrace, and a large entrance hallway with a staircase leading to the upper level.
On the upper level, there is a large landing and seating area, with access to the other rooms. The front section has old-fashioned wooden floors and four large rooms that could be ideal as a single unit for an office such as a lawyer’s office, an architect’s office, or a similar business. There are also five small rooms that need refurbishment, as well as a toilet.
The top floor could be converted into rooms for multiple occupants, which would be ideal given that La Laguna is also famous for its universities, with strong demand for student accommodation. There are many options, and we are sure that the right investor can maximize the returns on this property.
While this property may not suit everyone, it could be an excellent opportunity for the right investor, and viewing is recommended to make your own decision.
Features
- Villa
- Bedrooms: 9
- Bathrooms: 3
- Build Size: 340 m2
- Plot: 464 m2
- Energy Efficiency Rating: In Progress