€ 650,000
Restaurant/Bar for sale in El Fraile, Arona, Tenerife
- 340 m2
- 10
- 6
- 103 m2
Description
Building for sale in El Fraile – Excellent investment!
A complete building for sale in the center of El Fraile, close to all services and in a strategic location.
The property was built in 1998 and consists of three floors with a total of six apartments (two per floor).
Ground floor: 2 apartments with 1 bedroom, separate kitchen, living room, bathroom, and patio.
First and second floor: 4 apartments with 2 bedrooms, separate kitchen, living room, and balcony.
All apartments are currently rented.
Annual return of over 6%.
Rental contracts with a duration of 5 years.
Reliable tenants with no payment defaults.
Only a 10-minute walk to Las Galletas beach.
Just 10 minutes by car to the motorway.
An ideal opportunity to invest in a building with high profitability in an area with strong housing demand!
Property tax: €720/year.
Year of construction: 1998.
Features
- Restaurant/Bar
- Bedrooms: 10
- Bathrooms: 6
- Build Size: 340 m2
- Plot: 103 m2
- Storeys: 3
- Year Built: 1998
- Energy Certificate (Consumption): F