Property ID : RT1584
FOR SALE €249,950 - APARTMENT BUILDING, RESIDENTIAL
Apartment Building for sale Tenerife, El Fraile, Las Galletas 5 Apartments €249,950
This Apartment Building for sale Tenerife in the El Fraile area near Las Galletas. It consists of 5 apartments in all with 8 bedrooms. It is an ideal Investment Property.
There are two apartments on the ground floor each with two bedrooms and one bathroom.
There are two apartments on the first floor each with one bedroom and one bathroom.
The second floor has a two bed apartment with one bathroom.
There are two roof terraces.
The apartments are not separately metered and they are let for investment with an all inclusive rent in the region of €1650 for the entire building. There are no community fees to pay.
This building could produce around €15,000 per annum (after electricity and water costs) from long term letting which could possibly be improved with some refurbishment. There are opportunities to live in one apartment and derive and income from the rest of the building. It is an investment property for sale at a great price.
All furniture and fittings are included in the price.
El Fraile is a residential village next to Las Galletas which has all the normal amenities, such as bank shops, supermarkets, bars and restaurants. Whilst El Fraile does have a beach the harbour, marina and beach area of Las Galletas is less than half a kilometer away.