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20 bed apartment for sale

£1,010,166 (€1,150,000)

Casa Pension, Las Galletas, 38631

20
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Property features

  • Interior size = 628 m2
  • Plot size = 100m2
  • 20 letting bedrooms over 5 floors
  • Separate managers 3 bed apartment
  • Sold fully furnished with working equipment
  • Small entrance reception area
  • Only 2 mins walk from the beach front
  • Currently gross profit in excess of 70,000€ per year
  • Stairs only note no elevators
  • A great family run business ...Price 1,150,000 Euros

Property description

Tenerife Property Group offer for sale this 20 bedroom Pension situated in the Canarian fishing harbor of Las Galletas........Price 1,150,000 euros

Description:

This pension has a total built of 628,59m2 distributed on 5 levels of 100m2 each one plus ground floor and rooftop:

Ground floor: It has 40m and we can find the reception and the stair cases and another entrance.

First floor: Has an apartment of 100m2. Here we can find three bedrooms, two complete bathrooms, spacious independent kitchen, large and bright lounge- dining and internal courtyard.The floor of the apartment is in granite tiles except on the bathrooms these are in ceramic. The
kitchen has all the necessary appliances, wooden furniture, natural granite work top and access to the internal courtyard.

Second and Third floor: Each level has five bedrooms with bathrooms. These are doubles with
one bedroom or two individual beds. All the bedrooms are comfortable, bright and ventilate with wardrobes and ceramic floor.

Fourth floor: We can find in these level five double bedrooms (with one or two beds), all of these have wardrobes, bathrooms and terraces.
Fifth floor: Finally, in this level we can find five individual bedrooms only with sink. This level only has two common bathrooms one at the beginning and other at the end of the corridor.

Rooftop: Finally it is the rooftop; here we can find the water boiler of the building, the solar panels, and the common office with washing and ironing area.

The pension is well located, a few meters of the sea with easy access and a few steps of the boulevard, cafes, bars, restaurants and different shops.
In general, the pension is in good conditions. About information of the owner, recently the building has been painted, changed the Water boiler and changed the boxes of electricity.

Important to know: Next to the reception there is a shop. This shop appears in the escritura as part of the whole property. However, the
owner said that this shop is not included on the sale, it can be sold separate and the price is 150.000 €. The owner said, all the units in the building can be sold separate because each level has its own ibi and registration number. In addition to the 20 rooms the pension has an apartment with 3 beds and 2 bathrooms. It is used as a personal use. As well it can be rented per rooms or as apartment; however, the owner said that the pension only
has permission for rent 20 rooms without necessity of lift. In case that the new owner wants to legal rent the apartment he/she will have to build the
lift. Sergio (the owner) has the plans with the modifications and permit signed.
The income could be vastly increase because its currently ran to create jobs for the family, ie: Granddaughters, grandson, son and daughter and which they operate on a special schedule 10 to 13:30 and 16:00 to 22:00 The prices of the rooms are currently very low at 22€ per individual/night and 27€ per double/night.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.


Property location is approximate. Please contact the agent for further details.

Arrange Viewing

For more information about this property, please contact
Tenerife Property Group, 3867 on +44 330 038 0026 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Tenerife Property Group, and do not constitute property particulars. Please contact Tenerife Property Group for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.