Building for Sale

Excellent residential complex with horizontal division, easily convertible into a 4-star hotel, located on the second line of the sea in Amarilla Golf, in an area of beautiful new-build complexes, next to the popular and well-served Amarilla Marina.
The area is undergoing strong expansion since the San Miguel de Abona Town Hall formally took over the management of the area.
The complex has 36 apartments, a reception area, several commercial premises, a large basement garage, green areas and two tennis courts.
Built in 2010, the complex is in good condition, lacking an easy perimeter fence, the construction of swimming pools and minor repairs.
Most of the apartments are currently rented and the buyer has the option of continuing with the residential rentals or converting them into holiday rentals once the contracts have ended. There are currently 12 apartments already vacant and more are expected before the end of the year.
The properties are duplex-type semi-detached houses with 114 m2 built, with 57 m2 on each floor. All have 2 double bedrooms on the upper floor, with a balcony and a full bathroom. On the ground floor there is a living room, separate kitchen, a toilet, a patio, terrace and garden. All have views of the ocean and the right side of the golf course as well.
The space lends itself perfectly to create 2 bedrooms with 2 bathrooms and balconies, plus a small office on the upper floor, as well as other arrangements on the ground floor.
It would also be possible to divide by floors to create 2 apartments
There are several accesses to the garage by stairs and a lift next to the reception.
The business model available for investors.
Asten Realty reference: 8310.