San Miguel de Abona, Santa Cruz de Tenerife, Tenerife

Complete block of 9.150 m2. Permitted uses: commercial, residential (housing) or mixed. Ideal for senior living and build-to-rent developments. Las Chafiras is in a great location for commuting to various central belt towns and cities, close to the main tourist centres. Strategic, well connected and with very good location. Close to the southern motorway (TF-1) and the island's economic driving forces. At 4 km. from Golf del Sur / Amarilla Golf, 5 km. from the beach and 6.5 km. from the TFS Airport. Plot in a quiet residential area, in a consolidated middle class area, formed by residential complexes with exciting range of premium amenities: gardens, swimming pools, gymnasiums, etc. It’s in a developed area, with supermarkets, schools, petrol stations, pharmacies, health centre, parks and green areas, bank branches, Ikea and a wide variety of shops and restaurants. It is a ‘Zone of Great Tourist Affluence’, thus enjoying exceptional treatment in terms of opening hours and opening days of the commercial offer, mainly on Sundays. The existing infrastructure is in the process of expansion and has for these years a budget of 33 million euros, which includes a third motorway lane, a large roundabout at Las Chafiras (East access) and another at Oroteanda (West access) and a link road between the two. Several large-scale works are under construction: shopping center (15.000 m2 of commercial premises and 1.000 parking spaces), health center, sports center and other public facilities. High demand in the area, guaranteeing an excellent investment opportunity. Best taxation in Europe: Canary Islands Special Zone (ZEC): Company Income Tax at reduced rate of 4% Suitable for Reserve for Investments in the Canary Islands (RIC): up to 90% reduction in Corporation Tax / Personal Income Tax.[IW]