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Last large city plots with commercial - residential classification, in the south of the Island of Tenerife, in Las Chafiras
Santa Cruz de Tenerife, Spain
REF: 923478
€3,477,000
Description
Complete block of 9.150 m2.
Permitted uses: commercial, residential (housing) or mixed.
Ideal for senior living and build-to-rent developments.
Las Chafiras is in a great location for commuting to various central belt towns and cities, close to the main tourist centres. Strategic, well connected and with very good location. Close to the southern motorway (TF-1) and the island's economic driving forces. At 4 km. from Golf del Sur / Amarilla Golf, 5 km. from the beach and 6.5 km. from the TFS Airport.
Plot in a quiet residential area, in a consolidated middle class area, formed by residential complexes with exciting range of premium amenities: gardens, swimming pools, gymnasiums, etc.
It€™s in a developed area, with supermarkets, schools, petrol stations, pharmacies, health centre, parks and green areas, bank branches, Ikea and a wide variety of shops and restaurants.
It is a €˜Zone of Great Tourist Affluence€™, thus enjoying exceptional treatment in terms of opening hours and opening days of the commercial offer, mainly on Sundays.
The existing infrastructure is in the process of expansion and has for these years a budget of 33 million euros, which includes a third motorway lane, a large roundabout at Las Chafiras (East access) and another at Oroteanda (West access) and a link road between the two.
Several large-scale works are under construction: shopping center (15.000 m2 of commercial premises and 1.000 parking spaces), health center, sports center and other public facilities.
High demand in the area, guaranteeing an excellent investment opportunity.
Best taxation in Europe:
Canary Islands Special Zone (ZEC): Company Income Tax at reduced rate of 4%
Suitable for Reserve for Investments in the Canary Islands (RIC): up to 90% reduction in Corporation Tax / Personal Income Tax.[IW]
Complete block of 9.150 m2.
Permitted uses: commercial, residential (housing) or mixed.
Ideal for senior living and build-to-rent developments.
Las Chafiras is in a great location for commuting to various central belt towns and cities, close to the main tourist centres. Strategic, well connected and with very good location. Close to the southern motorway (TF-1) and the island's economic driving forces. At 4 km. from Golf del Sur / Amarilla Golf, 5 km. from the beach and 6.5 km. from the TFS Airport.
Plot in a quiet residential area, in a consolidated middle class area, formed by residential complexes with exciting range of premium amenities: gardens, swimming pools, gymnasiums, etc.
It€™s in a developed area, with supermarkets, schools, petrol stations, pharmacies, health centre, parks and green areas, bank branches, Ikea and a wide variety of shops and restaurants.
It is a €˜Zone of Great Tourist Affluence€™, thus enjoying exceptional treatment in terms of opening hours and opening days of the commercial offer, mainly on Sundays.
The existing infrastructure is in the process of expansion and has for these years a budget of 33 million euros, which includes a third motorway lane, a large roundabout at Las Chafiras (East access) and another at Oroteanda (West access) and a link road between the two.
Several large-scale works are under construction: shopping center (15.000 m2 of commercial premises and 1.000 parking spaces), health center, sports center and other public facilities.
High demand in the area, guaranteeing an excellent investment opportunity.
Best taxation in Europe:
Canary Islands Special Zone (ZEC): Company Income Tax at reduced rate of 4%
Suitable for Reserve for Investments in the Canary Islands (RIC): up to 90% reduction in Corporation Tax / Personal Income Tax.[IW]
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Property on Map
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 €3,477,000 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 |
|---|---|---|---|
| €3,477,000 | £2,864,700 | £2,988,308 | £123,607 |
| Property Price € | €3,477,000 |
| Minimum cost in the last six months | £2,864,700 |
| Maximum cost in the last six months | £2,988,308 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £123,607 |
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 €3,477,000 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 |
|---|---|---|---|
| €3,477,000 | £2,864,700 | £2,988,308 | £123,607 |
| Property Price € | €3,477,000 |
| Minimum cost in the last six months | £2,864,700 |
| Maximum cost in the last six months | £2,988,308 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £123,607 |
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 £123,607 more.
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