Property for Sale
Los Gigantes, Tenerife
5 shops/offices for sale in the centre of Los Gigantes. A property is well positioned nearby the touristy intersection.
This property is great as a long-term investment option. It is located in the central part of Los Gigantes, which is an actively visited area offering fantastic views to the iconic Los Gigantes cliffs with trips to famous Masca gorge and some of the best whale and dolphins watching tours in the entire island. Los Gigantes town receives a great attention from both local municipality and island's administration because of it's strategic value to Tenerife. All these factors add up to a substantial potential for an increase in property's value.
At the moment there are following tenants with long term contracts in the property: handbag shop, excursions agency, lawyer's office and real estate agency's storage room. One office space is vacant at the moment.
The owner receives ~15000 Euros of annual income after taxes and community fee payments.