Penthouse for sale in Santiago del Teide of 70 m2

Property description

For sale, a one-bedroom penthouse with a terrace and spectacular views of the sea and the majestic cliffs of Los Gigantes, less than a minute's walk from the beach, the marina, and all local services, in a quiet area with excellent weather all year round.

The property has approximately 70 m² and consists of a double bedroom with built-in wardrobes and natural ventilation, a full bathroom, a fully equipped kitchen with an American-style bar, a spacious living room, and a cozy north-facing terrace, perfect for enjoying the sea. It also includes a small cupboard with space for a washing machine and water heater.

Located on the third floor with an elevator, it offers comfortable and direct access to the apartment, and from the garage area, you can reach the beach without leaving the complex, making seaside living very convenient and practical.

IMPORTANT: This property is subject to an ADMINISTRATIVE CONCESSION until October 22, 2050, which means it is not a conventional property, is not registered in the Property Registry, and cannot be mortgaged. Purchase must be made in cash and corresponds to the transfer of the right of use and enjoyment until the end of the concession, offering a much more competitive price than a traditional property and saving significant notary and registration costs. Once purchased, the concession company issues a concession title in your name, fully valid and legal.

The purchase process is quick and simple, and our team supports you throughout, including post-sale service and ownership transfer. We can also manage long-term rentals and carry out renovations if desired.

It is a perfect opportunity to live by the sea, connect with nature, enjoy sailing, or simply relax on the beach. Holiday rentals are not allowed, only long-term rental.

As an investment, this penthouse easily rents for between €1,000 and €1,100 per month. The kitchen requires some renovation, while the electrical system, lights and sockets, electrical panel, and bathroom fixtures have been recently renovated, and the property has been fully painted.

For more information or to arrange a viewing, please do not hesitate to contact us.