Puerto del Carmen – Investor opportunity

5 bedroom,  

2 bathroom, 

Amazing sea views

364m2 built area,

Plot size 217m2 

Price 635,000€

Attention builders or investors! Sizeable 2 level terraced property located on one of the main streets in the old town of Puerto del Carmen. This is a property requiring renovation and could be converted into 4 penthouse apartments all having great sea views from the ocean facing terraces (subject to planning permission). This property forms one part of 2 properties built together in 1982. There is a retail unit beneath the property which is not part of the ownership. Access is via a private street level entrance of 50.79m2 and this property is located on the right hand side of the entrance area. A door leads through to the stairwell and the property is spread over the first and second floors. It should be possible (subject to planning permission) to put a lift to reach both levels if desired.

The first floor of 190.99m2 is made up of 2 large bedrooms, a kitchen, bathroom, large sitting room and large ocean-facing terraces.

The second floor has a built area of 121.89m2 comprising 3 bedrooms, a bathroom, a substantial sitting room, a mini-kitchen and large ocean-facing terraces.

Additionally there is a large solana (drying area) and 3 diverse storage areas.

Opportunities like this, in this area are rare. Rental rates for properties in this area are substantial and consistent. It is an area where many properties are being renovated and an area of gentrification. Despite the property requiring extensive renovation only contact us for a viewing if you have the budget and vision for such a property. Low offers will not be considered. Fantastic opportunity for mid-term investors.