A unique opportunity for investors in Santa Cruz de Tenerife!

Santa Cruz de Tenerife, Spain

For Sale

€550,000

REF: 833883 €550,000


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Description

Detached house with great potential for sale in Calle Serrano, Santa Cruz de Tenerife. This property offers a wide range of possibilities for investors and property developers. The house was built in 1971 and although in need of renovation, it is in good condition. It has two interior courtyards, large windows, two staircases, high ceilings, smooth walls and terrazzo floors in perfect condition.

CURRENT DISTRIBUTION: - Ground floor: garage at street level, hallway, entrance hall, two patios, office, exterior dining room, two bedrooms and a bathroom. - 1st floor: Hall, living room, dining room with interior terrace, kitchen with pantry and toilet. - 2nd floor: three bedrooms, two bathrooms and laundry room. - Passable roof terrace. MAIN CHARACTERISTICS: - Privileged location: Calle Serrano, in the heart of Santa Cruz de Tenerife.

Very close to the tram (€˜La Paz€™ stop), supermarkets, health centres, schools, shops, restaurants, etc. - 3 floors, with possibility to extend one more floor. - Two interior patios: Perfect for creating spaces for relaxation and enjoyment in the open air. - Large windows: They bring light and spaciousness to the rooms. - High ceilings: They give a feeling of greater space and enhance the elegance of the house. - Smooth walls. - Terrazzo floors in perfect condition: A classic and durable material that is back on trend. - Totally exterior: Natural light and ventilation in all rooms. - Large walkable roof terrace: Ideal space to enjoy the outdoors, install solar panels or create a leisure area.

POSSIBILITIES: - Single-family dwelling: The house can be upgraded to a modern and comfortable single-family dwelling. - Flats: Several independent or cooliving flats can be created, ideal for investors looking for profitability. - Professional office: The property meets the ideal conditions to convert it into a professional office or coworking space, taking advantage of its central location and services in the area. This property is a unique opportunity for investors looking for a project with great potential in a central area of Santa Cruz de Tenerife.

As it is better to see it than to read it, please do not hesitate to contact us for more information and to arrange a viewing. The information provided has been supplied by third parties, is for information purposes only and is believed to be correct. No guarantee can be given as to the veracity of any of the above and the offer may be subject to errors, price changes, omission and/or withdrawal from the market without prior notice. Transfer, notary and registration fees are to be paid by the buyer. Fees and municipal surplus value are to be paid by the seller.[IW]
Detached house with great potential for sale in Calle Serrano, Santa Cruz de Tenerife. This property offers a wide range of possibilities for investors and property developers. The house was built in 1971 and although in need of renovation, it is in good condition. It has two interior courtyards, large windows, two staircases, high ceilings, smooth walls and terrazzo floors in perfect condition.

CURRENT DISTRIBUTION: - Ground floor: garage at street level, hallway, entrance hall, two patios, office, exterior dining room, two bedrooms and a bathroom. - 1st floor: Hall, living room, dining room with interior terrace, kitchen with pantry and toilet. - 2nd floor: three bedrooms, two bathrooms and laundry room. - Passable roof terrace. MAIN CHARACTERISTICS: - Privileged location: Calle Serrano, in the heart of Santa Cruz de Tenerife.

Very close to the tram (€˜La Paz€™ stop), supermarkets, health centres, schools, shops, restaurants, etc. - 3 floors, with possibility to extend one more floor. - Two interior patios: Perfect for creating spaces for relaxation and enjoyment in the open air. - Large windows: They bring light and spaciousness to the rooms. - High ceilings: They give a feeling of greater space and enhance the elegance of the house. - Smooth walls. - Terrazzo floors in perfect condition: A classic and durable material that is back on trend. - Totally exterior: Natural light and ventilation in all rooms. - Large walkable roof terrace: Ideal space to enjoy the outdoors, install solar panels or create a leisure area.

POSSIBILITIES: - Single-family dwelling: The house can be upgraded to a modern and comfortable single-family dwelling. - Flats: Several independent or cooliving flats can be created, ideal for investors looking for profitability. - Professional office: The property meets the ideal conditions to convert it into a professional office or coworking space, taking advantage of its central location and services in the area. This property is a unique opportunity for investors looking for a project with great potential in a central area of Santa Cruz de Tenerife.

As it is better to see it than to read it, please do not hesitate to contact us for more information and to arrange a viewing. The information provided has been supplied by third parties, is for information purposes only and is believed to be correct. No guarantee can be given as to the veracity of any of the above and the offer may be subject to errors, price changes, omission and/or withdrawal from the market without prior notice. Transfer, notary and registration fees are to be paid by the buyer. Fees and municipal surplus value are to be paid by the seller.[IW]
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Currency Exchange

Santa Cruz de Tenerife, Spain

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €550,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€550,000 £455,571 £472,698 £17,127
Property Price € €550,000
Minimum cost in the last six months £455,571
Maximum cost in the last six months £472,698
Fluctuating exchange rates over the last six months could have increased the cost of this property by £17,127

Santa Cruz de Tenerife, Spain

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €550,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€550,000 £455,571 £472,698 £17,127
Property Price € €550,000
Minimum cost in the last six months £455,571
Maximum cost in the last six months £472,698
Fluctuating exchange rates over the last six months could have increased the cost of this property by £17,127

The exchange rate on the day you make an offer on your property in Spain will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £17,127 more.

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