Restaurant/Bar for sale in Chayofa, Arona, Tenerife

For sale: a complete complex of 22 apartments located in the residential area of Chayofa.

The complex consists of:
- 5 studios.
- 12 one-bedroom apartments.
- 5 two-bedroom apartments.

The property sits on a 2.443 m² plot. The buildings total 1.656 m², of which 1.358 m² are interior spaces and 298 m² are terraces, all surrounded by gardens and communal areas.

All 22 apartments are currently registered as vacation homes, although they can be reverted to their original residential use if desired. Fourteen of the 22 units have been recently renovated.

The complex also includes:
- 2 enclosed garages (34 m² in total).
- 2 commercial spaces currently used as offices and support areas (30 m² in total).
- 7 storage rooms with a total of 120 m².

The property is currently operated as a vacation home complex with excellent occupancy and consolidated performance. It also offers high profitability if used for long-term rentals. Return calculated at 9% per annum.

Eligible for the RIC, provided it is used for long-term rental. Return calculated at 12%.

Year of construction: 1993.

IBI: €4.550/year.