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Studio for sale Castle Harbour Los Cristianos Tenerife £49950
This Studio is for sale on the well known Castle Harbour Complex which is principally a holiday complex. This is a great investment opportunity with the apartment being sold at such a low price. This is the best price studio on Castle Harbour by some way.
The apartment measures 35 square metres and has a bedroom and living area, kitchenette and a bathroom. There is also a balcony of 10 square metres which is large enough for outdoor dining and relaxation.
Castle Harbour is well located close to many bars, restaurants and shops and it has a very nice heated pool, pool bar, tennis courts. It also has a 24 hour reception which is necessary for holiday letting. This complex has a touristic licence so it is fully legal for holiday letting.
Castle Harbour has an established rental agency on the site with key holding facilities and laundry/apartment cleaning services. With its own source of clients and no agency fees, this property rents out for an average of £160 per week over 41 weeks per year giving total gross rental income of £6,500 per year (7,500€.) Obviously using the onsite rental agency would reduce those returns but the amount of bookings generated would probably be better.
The price in Euros is €58500 at an exchange rate of approximately 1.17 to the pound.
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