Premium New development
Back to results

Property for sale

Santa Cruz de Tenerife, Tenerife, Canary Islands, Spain

£348,220 *  [€400,000]

Property for sale

Santa Cruz de Tenerife, Tenerife, Canary Islands, Spain

£348,220 *  [€400,000]

Property Details


  • Bedrooms: 0
  • Bathrooms: 0

Full Description


ASSET SUITABLE FOR STORAGE UNIT DEVELOPMENT.Investment opportunity with estimated returns of up to 8.3%.We present an asset intended for storage unit development, combining manageable technical investment requirements with a highly efficient layout for conversion and operation. An opportunity aimed at both specialised operators and investors seeking recurring income through a well-established demand model.The analysed operating scenarios contemplate the creation of 25 storage units, with estimated annual income of €24,000, equivalent to an estimated return of 6.5%, or the development of 30 storage units, with estimated annual income of €30,600 and an estimated return of 8.3%.The asset complies with the required use conditions and allows evacuation in accordance with CTE regulations. It benefits from adequate ventilation and an optimal layout for storage unit implementation, supporting efficient project execution. The only remaining requirement is the adaptation of fire protection measures, a standard condition in developments of this type.Built in 1998, the property has an annual IBI tax of €1,320.Its configuration and technical characteristics allow for professional operation with efficiency and cost-control criteria.An opportunity for those seeking a real estate asset with a clearly defined operating strategy and income-generating capacity.Request the profitability report for further information.The photographs are for guidance purposes only and do not necessarily correspond to the advertised property. They are shown for illustrative purposes to reflect the type of space and its possible uses, without constituting an exact representation of the property.Asten Realty Ref. 10108.
Read more

Map may not show exact location

This property listing (ref: 1713222) is an advertisement supplied by ASTEN REALTY and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.
*Based on an exchange rate of 0.8705 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.