- 480Property ID
Costs for construction: 1050 * 600 = 612.000 euros
Purchase of land: 400.000 Euro
Total investment: 1.012.000 euros
Revenues from the sale of 9 apartments: 1.665.000 euros
Profit: 650.000 euros.
We offer a profitable investment project – a plot of land for sale in the popular tourist and residential area of Tenerife. Territory area is intended for the construction and is located in the central part of the town of Adeje. Area – 500m2. The maximum building area on one first floor will be 450m2. The maximum possible height of the building is 4 floors. Total total maximum building area will be 1050m2. In this area, you can build 12 apartments with 2 bedrooms. Either 9 apartments and 2 commercial premises for a shop, a sports hall, a beauty salon. The cost of land is 400,000 euros. The project is really very profitable in terms of investment. As the price for 2-room apartments in this area is 185.000 – 195.000 euros. The cost of construction of the residential complex will be 600 euro / m2.
Also two comercial properties can be rented at 1500-2000euros a month each. Give you extra profit of 36000 euros a year.
If you have been looking for reliable investment plot of land on the southern coast of Tenerife for a long time, this offer may interest you. And our company “House Tenerife” will help you in all matters. After all, when buying a land plot, you need to take into account all the legal subtleties, as well as fully comply with local legislation. Let us note that more and more foreign citizens want to buy land in Tenerife. Despite the fact that it is difficult to acquire good land, it is as well a troublesome business for foreigners. That’s why it’s better and easier to work with professionals who have many years of experience and have comprehensive information about the real estate market in Tenerife.
We will help coordinate building licences protect you from all the nuances and help you make a purchase. You will save your time and in the shortest possible time become the owner of a piece of land.
We cooperate with the largest developers who provide us with the most promising areas.