Villa for sale

This is an interesting property investment in Tenerife has just been reduced by €50.000. We have for sale a large house which has been converted into 4 large 2 bedroom apartments. The property is basically a small complex in the tranquil area of Estrella de Arona, in the south of Tenerife. Situated between Palm Mar and El Fraile, the property is ideally positioned for the airport at only 10 minutes drive away and the popular resorts of Los Cristianos and Playa de las Americas both less than 15 minutes drive away. This well constructed and beautifully designed property is made up of 3, two bedroom apartments and 1, two bedroom duplex style apartment/cottage. All have views of the surrounding mountains or the community swimming pool with its terraced areas. All apartments have their own private terraced areas and can use the sun terrace around the swimming pool as well. The current owner lives in the upper apartment and would consider staying and renting this apartment from the new owners should this be an agreeable option. The apartments are all let on long term contracts and the owner has no trouble in getting tennants for them. Currently the tenants have been in these properties from between 3 years and 3 months with very few changes of tenants over the years. The house itself was completed in approximately 2005 and has traditional stone cladding which means there is very little to do in the way of continual maintenance to the building exterior. The property could be converted back to a large house with very little work needed and the 2 bedroom duplex could be left as a granny annexe or could be let to provide an income. As the property stands now, the apartments are all large 2 bedroom properties, 2 of which have two bathrooms. All are roomy in design and well furnished. The current owner would like to take a number of personal items but predominantly, the property will be sold fully furnished. There is a one car garage attached to the property but with easy parking outside, bus stops at the end of the road and a 20 minute walk on country trails through to Las Galletas and the surrounding beaches, this property makes for an ideal opportunity for someone who wants to make an investment in Tenerife.

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