Terraced Villa for sale in Tamaraceite, Las Palmas de Gran Canaria, Gran Canaria

Investment opportunity in Tamaraceite

Three-story building for sale in Tamaraceite, ideal for investors, developers, or construction companies seeking a project with high profitability and strong future potential.

The property, currently composed of open-plan spaces on its three levels, offers multiple redistribution possibilities, allowing the creation of independent housing adapted to current market demand. Here a proposal is advertised to convert it into 11 homes. The building has a cistern, a basement with beautiful stone arches that can be rehabilitated as common areas and, moreover, the habitable roof can be turned into a pleasant solarium or common area, adding value to the complex.

Located in a quiet and well-connected area, just minutes from the Los Alisios Shopping Center and 10 minutes from the University of Las Palmas de Gran Canaria, the surroundings offer all essential services: public transport, schools, shops, and leisure areas. Tamaraceite is consolidating as one of the areas with the highest growth and revaluation in Las Palmas, which guarantees a safe investment with medium-term returns.

Ideal for developing a modern and attractive residential project without removing the charm of its beautiful protected façade and with ample possibilities for sale or rent once the reform is finished.

Structure and enclosures in good condition (reform 2004), cataloged ARQ 353 - Protected (level compatible with full rehabilitation) with potential tax advantages within API 8, and within the future green corridor Plan of LPA.
A Reddit 3D project is available.

Usage potential:
Coliving or student residence (12-15 units, 30-35 beds)
Social-health or light nursing center
Coworking spaces or ground-floor commercial premises
Sustainable urban tourist project (RIC applicable)
Includes a developed conceptual project, with possible:
Photovoltaic installation on the roof
Stormwater recovery system with its large cistern
Energy certification type B after rehabilitation. 3 minutes from GC-3 (ring road).