Building
Arrecife
- Arrecife Centro
545.000€ (£ 478.237 approx.) (Taxes not included) (for sale)
Ref.IML-630521
BUILDING FOR SALE - INVESTMENT OPPORTUNITY
Excellent investment opportunity with high, immediate returns on Calle Manolo Millares!
An entire building is for sale (without horizontal property division), located in a strategic, high-demand area. The property comprises a ground-floor commercial unit, three spacious independent apartments (one per floor), and a fantastic accessible rooftop terrace with multiple potential uses.
-Building Layout (4 Floors):
Ground Floor (109 m²): Street-level commercial unit; an open-plan space that is fully operational and currently leased to an established business.
1st, 2nd, and 3rd Floors (116 m² each): Three spacious, independent apartments (one per floor). Each unit features an excellent, highly sought-after layout: 3 bedrooms and 2 full bathrooms.
Accessible Rooftop Terrace: Open rooftop area offering multiple possibilities for use.
Why is this a smart investment?
Immediate cash flow with a 5.5% yield. The building is sold with all units currently rented and up-to-date on payments, generating rental income from the moment the deed is signed.
Strategic location: Situated on one of the area's main thoroughfares, surrounded by all amenities, shops, and public transport links, ensuring constant rental demand.
Due to tenant confidentiality and privacy, specific details regarding current contracts will be provided exclusively to seriously interested investors.
Don't miss out on this opportunity! Contact us for more information.
*Taxes, financing costs, notary fees, registration fees, and other costs related to the sale are not included. The information provided is for guidance purposes only and may be subject to inadvertent errors.
455m²
5.50%
Building year:
1965 (61 year/s)Condition:
Needs some renovation
Documento elaborado por IN-MAX Lanzarote con información de la propiedad para su
compraventa, arrendamiento o traspaso. Con su aceptación, el destinatario se compromete a no copiarlo,
reproducirlo o distribuirlo a terceros, ni total ni parcialmente, sin el consentimiento escrito de IN-MAX Lanzarote,
que declina expresamente toda la responsabilidad por las
manifestaciones, expresas o implícitas, u omisiones, o por cualesquiera otras
comunicaciones orales o escritas hechas a cualquier parte interesada. Esta información no constituye un valor contractual.
IN-MAX Lanzarote, C. Manolo millares 105., 5 Arrecife, Lanzarote. 0034690374507 https://www.inmaxlanzarote.com/