Four storey building in the heart of Las Palmas. Famous Canteras beach just five minutes walk. The building needs complete refurbishment. The property was divided in eight middle size apartments; the previous owner has been renting them out for many years. There is a possibility to transform the property into 15-room hotel. The current renovation project foresees four big size apartments and a SPA counting with sauna and jacuzzi swimming pool located on the terrace of the building. The terrace is over 100 m2 size. From the terrace you can appreciate a spectacular view over the ocean and the city center of Las Palmas as well as harbor with cruise ships' dock. The price of the property after the renovation - 1.000.000€ (average price in the area 2.500-3.000€ per m2. Current price - 530.000€ (renovation cost - 100.000€, project cost fully paid, new electricity installation paid).Direct negotiations with the owner, we do not charge commission on this sale!
