Land for sale
Playa Paraiso, Tenerife, Canary Islands, Spain
£7,494,106 *
[€8,900,000]
Full Description
Unique investment opportunity in the south of Tenerife!
We offer for sale a plot of land with a total area of 5.000 m² (two adjacent areas: 3.000 m² and 2.000 m²) with a ready project of a new generation multi-level commercial center. The total development is over 11,000 m² on 3-4 levels including 1-2 underground floors for parking.
The site is located in the active tourism zone - Playa Paraíso, just 3 minutes from La Caleta (area with Michelin restaurants) and 5 minutes from the TF-1 highway. A new road will soon open directly connecting La Caleta to Playa Paraíso, which will significantly increase traffic and attractiveness of the property.
Playa Paraiso is one of the island's most promising destinations with high tourist activity, with overnight stays up 117% in 2021. Close by are the Hard Rock, Bahía Príncipe and H10 Atlantic Sunset hotels.
Main characteristics:
Purpose: retail / hospitality / entertainment / services
Status: Urban Plot
Permitted height: 3 floors of 3.5 meters.
Total project area: 11.380 m²
Location: close to luxury resorts and beaches
Ideal for a flagship commercial development in one of the most dynamic areas of the Canary Islands.
Read more