Tenerife South Hotel For Sale
For sale: a cozy, well maintained aparthotel with land located in a respectable golf area in the south of Tenerife. The hotel consists of 18 apartments, it has an adjacent area with pool and jacuzzi, restaurant, bar, tennis court, parking area and additional housing space. Of the 18 apartments 6 are studios and 12 – one-bedroom apartments. The total area to sell is 30.000m2, of which the hotel complex has only 2.500m2. On the remaining 27.500m2 it is possible to build another 5 * hotel, a license is available. Currently this area is rented to a golf club and brings a steady income. The hotel is well filled throughout the year and is quite profitable. Additional space can be used for new touristic services, such as fitness club, game rooms, apartments etc. The terraces of all the apartments have a beautiful view on the golf fields and the ocean. Nearby is a golf club, within walking distance – an equestrian club, shops, bars, restaurants, the seaside promenade and the marina. In 2015 the local municipality confirmed that money were allocated for the improvement and development of the area. The modernization plan implies building a longer seaside promenade, a well-eqipped beach and the creation of additional services that will make this area more attractive for tourism and investment.
This is a profitable investment with the capacity to expand business and development!