Property Overview
-
- Size:
- Undisclosed
-
- Usage:
- A1, A3, B1
-
- Sale Type:
- For Sale
-
- Rental Income:
- €600
-
- Property Type:
- Cafés
-
- Auction:
- No
-
- Development Opportunity:
- No
-
- Investment Opportunity:
- Yes
-
- Tenanted:
- Yes
-
- Energy Rating:
- N/A
General Summary
Freehold commercial property is offered for sale as investment in a popular residential town of Costa del Silencio in the south of Tenerife. The freehold locale has a great position at the round-about of the main street and next to a busy commercial centre of the area.
Since more than 17 years these premises have been occupied by a successful restaurant and current tenants signed a new 5 year contract in January 2012. The premises, measuring approximately 55 m2 inside are spacious and full of light and there is a private terrace in front.
This property investment will bring to its buyer a gross annual return of above 8%. The vendor will be open for sensible offers on the price.