9 Bed Villa for sale
La Laguna, Tenerife, Canary Islands, Spain
£1,305,824 *
[€1,500,000]
Full Description
This is a very unique type of property that is an ideal investment project. It is a massive 16th century building located in the heart of the historic town of La Laguna in the north of Tenerife. La Laguna is a very beautiful and busy town which is famous for its stunning architecture. The property is in a perfect location and is built over two levels.
On the lower level is the main entrance and very popular and busy restaurant that has been operating for many years. The restaurant takes up part of the ground floor including a large section of the inner terrace. As well as the restaurant, there are three more rooms that have been nicely fitted out and could easily be used as another business, or an extension to the current restaurant. There is a large store room which needs renovating, another section of the inner terrace and there is a large entrance hallway with a staircase leading to the upper level.
On the upper level there is a large landing and seating area and access to the other rooms. The front section has old fashion wooden floors and four large rooms which altogether could be an ideal unit for a lawyer’s office or Notary Public, or even an architect business or similar. There are also another 5 small rooms that are in need of refurbishment as well as a toilet.
The top floor could easily be converted into multi occupancy rooms which would be ideal, given that La Laguna is also famous for its universities, which offers a heavy demand for student accommodation. The options are many and we are sure that the right investor will maximize the returns on this lovely property.
We realise that this property is not what everyone is looking for, but for the right investor, it could be an excellent opportunity and we invite you to see it and make your own minds up. We are sure that you will be very impressed.
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