Investment Project: 68 Apartments at Capo Blanco 1369

  • €2,500,000
Tenerife, Canary Islands, Spain
  • Business for sale in Tenerife
  • Property type
  • 106
  • Garages
  • 8800
For Sale

Investment Project: 68 Apartments at Capo Blanco 1369

Tenerife, Canary Islands, Spain
  • €2,500,000

Overview

Property ID: HZ1369
  • Business for sale in Tenerife
  • Property type
  • 106
  • Garages
  • 8800

Description

We offer you a unique investment project, Capo Blanco, located on the island of Tenerife🌴, one of the Canary Islands. This is a developing building with tremendous potential, comprising 68 luxurious apartments🚪, 34 offices (converted into apartments), 8 commercial spaces, 106 parking spaces🚗, and 89 storage units. The total area of the building is 8,800 square meters.🧱

The acquisition of the entire project, including the land plot, license📑, architectural design, and ongoing construction, costs only 2.5 million euros💶. In comparison, a similar project built from scratch is valued at 9 million euros.

👉The expenses required to complete the construction amount to 3.5 million euros. However, your potential sales revenue is estimated at 14.4 million euros💶. This includes the revenue from selling the 68 apartments🚪 at an average price of 160,000 euros each (with a total revenue of approximately 11 million euros), as well as the revenue from converting the 34 offices into residential apartments🛏️ (with a minimum revenue of around 3.4 million euros).

☝️Thus, the projected pre-tax profit amounts to approximately 8.4 million euros. ⭐This is a unique investment opportunity that allows you to generate significant returns and enter the promising real estate market in Tenerife.🏝️

📢Don’t miss the chance to be a part of this project. 📲Contact us right now to learn more and discuss potential collaboration opportunities.🤝

Details

Property ID
HZ1369
Rooms
68
Property Size
8800
Garages
106

Address

  • City Capo Blanco
  • State/county Tenerife
  • Country Spain

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Contact Information

Mr. Maxim Kull
  • Mr. Maxim Kull
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