Business

Commercial premises of 770 m2 for sale on La Rambla in Santa Cruz de Tenerife.
An excellent investment opportunity in premises strategically located on La Rambla in Santa Cruz de Tenerife, near the Hospiten University Hospital, the Parish Church of San José, and just 5 minutes from the Real Club Náutico de Tenerife. This spacious unit comprises 770 m² spread over a single floor, offering natural light thanks to its design and several entrance doors for easy access.
Currently, the unit is divided into various work areas and offices, but can easily be converted into an open-plan space to suit the new owner’s requirements. It features central air conditioning for added comfort and has three bathrooms.
For investors, the premises are currently let at a rent of €5,000 per month. There is the option to purchase the premises with the current tenant, guaranteeing a stable income for at least three years, or to purchase it vacant for those interested in setting up their own business in this prime location.
Location with great potential for appreciation.
Just a few metres from the premises, Anaga Terraces Homes, a new housing development, is currently under construction. This new-build project will increase demand and the value of the area in the near future, making it an even more attractive investment.
Location: Rambla de Santa Cruz, Santa Cruz de Tenerife
High visibility and footfall; established residential and commercial area; growing neighbourhood
Floor area: 769 m²
Price: €780,000
Current rental income: €52,800/year
Initial yield: 6.8%
Upside: rental income growth and capital appreciation
Current rental income €52,800/year Initial yield 6.8% Potential rental income €55,000 – €65,000
Potential yield 7% – 8.5% Value upside +25% to +50%
Asten Realty Reference: 9273.