Flat for sale in Buenavista, Santa Cruz de Tenerife, Tenerife

Are you looking for a unique investment opportunity in Santa Cruz de Tenerife?

Property offered under a bare ownership arrangement, an ideal formula for investors seeking long-term returns in one of the most attractive and dynamic capitals in the Canary Islands.

Property information:
- Location: Santa Cruz de Tenerife.
- Area: 87 m².
- Condition: The property is in good condition.
- Year built: 1950.
- Other notable features: Apartment with an interior patio, providing additional ventilation and a highly valued private outdoor space for this type of property.

About the area:

- Located in Santa Cruz de Tenerife, the island’s capital and one of the Canary Islands’ main economic and administrative centers, in a well-connected area with high residential demand, both for permanent housing and property investment.

- Transport: Excellent connections via the urban and interurban bus network, quick access to the TF-5 and TF-1, and proximity to the tram connecting to La Laguna. Easy access to the port and the city’s main entry and exit routes.

- Nearby services: A wide range of supermarkets, local shops, medical centers, hospitals, schools, secondary schools, and all kinds of administrative and financial services typical of a provincial capital.

- Leisure and recreation: Close to shopping areas such as Calle Castillo and shopping centers, cultural venues such as the Auditorio de Tenerife and TEA, and Parque García Sanabria, as well as seafront promenades and green areas for enjoying the outdoors all year round thanks to the island’s privileged climate.

An investment with social impact

With this investment, the current owner, a 65-year-old man, will retain the lifetime usufruct of the property, ensuring his peace of mind and well-being.

Upon termination of the usufruct, the buyer will obtain full ownership of the property, an asset with high appreciation potential in an established capital city with limited available land, further enhancing the investment’s appeal in the medium and long term.

Financial terms:

- Price: €75,000.

Associated costs:
- Paid by the owner:
- Property tax (IBI).
- Extraordinary homeowners’ association fees (if applicable).
- Building insurance.

Paid by the usufructuary:
- Ordinary homeowners’ association fees.
- Municipal waste collection charges.
- Utilities.
- Contents insurance.