Commercial for sale in Teror, Gran Canaria

Restaurant and Hotel with garage and right to build, a 10-minute walk from the historic center of Teror. Investment opportunity. Suitable for the RIC.

This exceptional commercial property is for sale in the municipality of Teror, Gran Canaria. A unique opportunity for investors seeking versatility, profitability, and a prime location, just 1 km from the emblematic Basilica of Our Lady of Pino.

The building is currently operating, generating income from both the catering/restoration business and tourist accommodation.

The building has 1,476 m2 built area, spread over three floors with multiple uses:
- The upper floor has a built area of 503.80 m2. Currently set up and known as Hotel El Pino, it features 9 rooms with private bathrooms, five with an outdoor terrace and four with interior spaces with natural light. The rooms have heating and air conditioning, ensuring comfort all year round. It also includes a lounge, a laundry area, and two bathrooms currently used as a storage room and an office.
- Ground floor, with 570.80 m2 built area, houses the well-known Restaurante Grill Casa Chano, with capacity for 200 diners. Functional layout with spacious dining areas, an industrial kitchen, a professional grill, a service bar, and a terrace. Perfect for events, celebrations, or daily operation.
- Semi-basement floor, with 402 m2 built area, currently in raw condition for the most part; its use is designated for a garage and storage. Offers multiple possibilities for adaptation depending on needs.

The building has horizontal division and includes a right to build, enabling future expansions in accordance with current regulations.

Strategic location for tourism. Located near the historic center in a quiet, attractive setting for hikers and nature lovers, enhancing its appeal to foreign tourists and clients looking to stay in charming rural areas. Its proximity to the town makes it an ideal hub for developing a well-established tourism business.

Very well connected with public transport and with all services nearby, such as supermarkets, a pharmacy, a health center, a sports hall, parks, shops, etc.