Undeveloped Land for sale in El Medano, Granadilla de Abona, Tenerife

Land for the construction of 11 townhouses and garages

The proposed investment project consists of 11 townhouses and garages, located in the prestigious area of El Medano. The plot of land for the project already has a finished project and a building license, which ensures a quick start to production. The value of the land is 1.600.000 euros.

It is planned to invest 2.500.000 euros for the construction which will be carried out within 12 months. The project involves the construction of 11 modern townhouses with garages. These properties will be designed to modern standards of quality and comfort, which will attract the attention of potential buyers.

Expected sales revenues amount to approximately 6,000,000 euros. The return on investment is expected within 12 months after completion of construction and is estimated at about 2.000.000 euros. This implies a possibility of high profits for investors.