Villa for sale in Ifara, Santa Cruz de Tenerife, Tenerife

Are you looking for a unique investment opportunity in Santa Cruz de Tenerife?

Property sold with lifetime leaseback.

Financial terms:
- Sale price: €1,364,172.
- Rental income received: €2,804/month.

Property information:
- Location: Calle Rubens Marichal López, Santa Cruz de Tenerife.
- Surface area: 514 m².
- Condition: The property is in good condition.
- Year built: 1977.
- Other outstanding features: Detached villa with magnificent panoramic views over the port and the city of Santa Cruz de Tenerife, as well as an indoor heated swimming pool.

About the area:

- Located in one of the most exclusive and sought-after residential areas of Santa Cruz de Tenerife, known for its tranquility, privacy, and excellent quality of life.

- Transport: It offers quick connections to the city center, the TF-5 motorway, and the rest of the island, as well as access to nearby public transport lines.

- Nearby services: Supermarkets, educational centers, sports facilities, medical centers, pharmacies, and all kinds of everyday services are available just a few minutes away.

- Leisure and recreation: The area offers a wide range of dining options, shopping areas, green spaces, and proximity to Santa Cruz’s urban center and coastline, allowing residents to enjoy cultural, sporting, and leisure activities all year round.

An investment with social impact

With this investment, the current owners, an 86-year-old man and an 81-year-old woman, will sell their home and continue living there as lifetime tenants, ensuring their peace of mind and well-being.

At the same time, the buyer will receive the agreed rental amount each month, with the security of having as tenants the people who have been living in and taking care of the property for years. Once the lifetime lease ends, the buyer will be able to take possession of the property, a unique asset with high appreciation potential in one of the best residential areas of Santa Cruz de Tenerife.

Associated expenses:
- Payable by the owner:
- Property tax (IBI).
- Homeowners’ association fees.
- Waste collection tax.
- Building insurance.

Payable by the tenant:
- Monthly rent.
- Utilities.
- Contents insurance.