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Updated: 05-08-2010

Commercial property as investment - 1166


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Commercial property as investment Tenerife

Basic Info

Reference: 1166
Type: Investment and Commercial property
Status: For Sale
Price: €550,000
Ownership: Freehold
Location: Playa de Las Americas
Build size: 90 m2
Arona


Description

Freehold commercial premises for sale as investment on the Golden Mile of Playa de las Americas in the south of Tenerife.

The premises have a very beneficial corner location in a very busy, well-visited commercial centre Parque Santiago III. Since more than 20 years the premises are occupied by a very successful and well established shop selling sport fashion and accessories - the business which is well-known far beyond the borders of Tenerife.

In August 2010 a new five year rental contract was signed. This property investment will bring to its owner a healthy return of 7.6%
 



  


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