79 Bedroom Hotel

Formidable building in the south of Tenerife, next to the ocean.
Built in 2002, facing south and not far from a small beach, it has been designed for geriatric use and appears as mostly residential land, complemented by premises and services.
Distributed over 3 floors with more than 8,000 m2 built, it has a total of 109 apartments, studios and offices, reception, restaurant with kitchen, pub, fitness room, laundries, 14 closed garages, 20 storage rooms, some 500 m2 of street parking, 2 lifts and 2 swimming pools with their bar and solarium area.
During the last few years, the partial horizontal division was made and some individual units were sold, which leaves the present sale offer in about 80 flats, mostly studios and a dozen 1-bedroom flats, in addition to all the premises and garages.
Currently, the structure is operated with great success as 3* Tourist Apartments.
The elevator, the children’s pool and the restaurant are not in use.
Community fees €4.000/ month.
IBI €19.000/year.
Ref 7807 - astenrealty.com