Apartment for sale in Playa de la Arena, Santiago del Teide, Tenerife

Playa Arena 4 Villas is an investment project to build four luxury villas overlooking the ocean. Each villa has a plot size of 450 square meters and a living area of 200 square meters on two floors, as well as a private pool.

The project is located on a plot of land of 1,500 square meters, worth 1,400,000 euros plus 7% IGIC tax on the total value. The cost of the project is €150.000 plus 7% IGIC tax on the total cost and the cost of building and permits is €1.500.000 plus 7% IGIC tax on the total cost.

The location of the project is ideal for relaxing on the beach, as it is a 7-minute walk from the ocean shore. The expected cost of the project is 3.050.000 euros and the expected sales are 5.200.000 euros. Thus, the expected profitability of the project is about 2.000.000 euros.