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ApartHotel Royal Sun in Los Gigantes, Tenerife

Royal Sun is an Aparthotel complex built about 15 years and situated high above the port in Los Gigantes (south Tenerife). The complex consists of 120 apartments, various restaurants, service and sports areas and parking zones. Briefly the distribution is as follows:

Residential:

• 8 apartments of three bedrooms and 2 bathrooms.
• 20 apartments of 2 bedrooms and one bathroom.
• 89 apartments of one bedroom and
• 3 studios.

All apartments have large terraces and or gardens and have marvellous ocean views down over the village and port.

Commercial

• 3 bar/restaurants.
• Central pool with ample terraces.
• Gym, squash court and aerobics hall.
• Minimarket.
• Hair salon.
• Small medical centre.
• Laundry.
• Enclosed parking and other unallocated space.

General

This is a very attractive complex in a unique location and has enormous potential for a multiplicity of uses. Royal Sun is very well designed and, while it would benefit from an overall face lift, it could be put into income generating mode within a few weeks. Royal Sun really only opened for business about 1999. The delay in commencing business was due to a prolonged dispute between the original developer and his banks one of which now effectively owns the complex. The complex has been closed since July 2004 and was successfully operated as an Aparthotel and timeshare complex. Closure was due not to market reasons but, we believe, to the then lessee not complying neither with his contractual obligations nor his town planning obligations. Other possible uses include:

• A retirement or nursing home.
• Normal residential complex where apartments and indeed commercial facilities may be sold separately. Current permission is for residential usage.
• Apartments may be sold on a ‘fractional or co-ownership’ basis. In any of these three cases much of the current commercial space would be unnecessary and could be converted to other use, including parking.

As implied above, the complex would benefit from some renovation and redecoration. There doesn’t appear to be any significant structural problems. Some of the operational equipment is missing from some of the commercial areas having apparently evaporated during the close down process in 2004. Both the kitchens and apartment furniture, though adequate and functional, could be considered somewhat dated.

Price: 18 million euros.

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Land Ifonche 1 T-013

Ifonche is a tiny hamlet right at the tree line off the Arona Villaflor road at Escalona. It is about 1200 meters above sea level. Vilaflor; the highest village in Spain at the foothills of Mount Teide is at an altitude of 1400M. Here we have about 23.500M2 of land currently zoned for agricultural usage but that has undoubted potential for further development in the foreseeable future. There are two small cottages on the land that is located near the famous Hermano Pedro restaurant and the equally famous Barranco del Infierno. Power, mains water, telephone lines are at hand and the land enjoys good access to the main road.

Price: 550.000€

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Land Ifonche 2 T-010

Ifonche is a tiny hamlet right at the tree line off the Arona Villaflor road at Escalona. It is about 1200 meters above sea level. Vilaflor; the highest village in Spain, at the foothills of Mount Teide is at an altitude of 1400M. Here we have about 15.500M2 of land currently zoned for agricultural usage but that has undoubted potential for further development in the foreseeable future. Approximately 3000M2 of this property is protected land because of its perceived environmental importance hence it is determined that it should remain in its natural state. It would be an ideal venue as a country retreat, a pied-à-terre or in due course for permanent living. The land rises steeply from the entrance lane and provides magnificent ocean and mountain views. It is located near the famous Hermano Pedro restaurant and the equally famous BBarranco del Infierno. Power, mains water, telephone lines are at hand and the land enjoys good access to the main road.

Price: 180.000€

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Land at Granadilla T-004

Here we offer 40.000M2 of land about 3KM inland from Reina Sofia international airport in South Tenerife. It is in the historic municipal area of Granadilla along with the airport and the site of the proposed massive marine port near the famous windsurfing zone of El Médano. The land is about 300M above sea level and has magnificent views down over the airport and the ocean and inland towards the mountains. It is in an area where there is likely to be massive development in the foreseeable future including a second runway for the airport and the construction of the above mentioned port; envisaged to be a world trans-shipment hub. Currently the land is zoned for agricultural use though it has remained unused for many years. Water and electricity are on the site that also enjoys good access. It could be suitable for a rural hotel or for a retirement residential complex…subject to permission from the planning authorities.

Price: 750.000€ Offers invited.

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Unfinished Project L-1070

This is an interesting investment opportunity currently under construction in the Costa del Silencio area of south Tenerife. It is a two storey over basement building that is completed to roof stage. Site area is 530M2 ? and there are five apartments, two on each floor, and one seperate at the rear each apartment having approximately 60M2 of internal space. This is a very interesting home income opportunity. The Costa del Silencio (coast of silence) is a long established residential tourist area about 12KM from Playa de Las Americas and an equal distance from Reina Sofia international airport.

Price: negotiable: depending on state of completion.

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La Finquita

Is a unique rural hotel established for many years in a superb location about 500M above sea level in Los Minores. Los Minores is situated in Costa de Adeje about 10 minutes drive from Playa de Las Americas. This little gem has about 1200M2 constructed on a site of about 3000M2 including 750M2 of reserved parking. Here you have a bar estaurant, 11 on suite bedrooms, separate staff accommodation, pool and large garden area. The upstairs restaurant area offers magnificent pool, garden and ocean views and is an ideal venue for family or small corporate celebrations. The garden area gives the impression of a mini jungle with a menagerie of birds, fish and animals that is a veritable children’s delight. It is a fantastic destination for weekend retreats. This mini-hotel has extraordinary potential for further development and is very reasonably priced at around 1.50M€

Price: +/- one and a half million euros.

For photos search for LA-1075 (under Ref at index on left).

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Hotel Fuerteventura

Modern 3* hotel situated in a very special location with every conceivable ancillary activity, indoor and outdoor, catered for. The hotel has more than 300 bedrooms and will shortly be available on the market for about 33MEu.

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Hotel Gran Canaria

A recently refurbished 4* hotel with about 250 bedrooms located right at the oceans edge in the south of the island will shortly be on the market at an asking price of 38MEu. This hotel has all the facilities that one would expect at this level of the market.

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Hotel Gran Canaria

5* ocean-side hotel in the south of the island. More than 300 double rooms\suites. 50MEu.

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Tenerife

Delightful, historic, Canarian, villa on about 3000M2. 500M2 constructed includes some outbuildings such as loose boxes, tack room etc servicing a mini equestrian centre. 5 bedrooms, 4 bathrooms, large garage, heated pool. Separate two bed-roomed, self contained apartment.  This property, that has recently been refurbished to a very high standard, is to the owners’ regret coming on the market as they need much more space to satisfy their equestrian passion. This is a rare opportunity for the sports oriented family. The property is situated in the prestigious Costa de Adeje area.

 

See more fotos searching under ref CA-2183 on left index.

 

Price: about 1.245MEu.