Mixed-use building for sale in El Galeón, Adeje

Real estate asset with immediate yield and expansion potential

An excellent investment opportunity is available in El Galeón, one of Adejes most established residential and commercial areas. This standalone building combines commercial and residential uses, offering potential income from the moment of purchase and significant possibilities for future development.

The ground floor features a fully renovated restaurant with new facilities, a terrace, and a location that ensures excellent visibility. The premises are ready for immediate operation, with an estimated monthly rental value of between €1,500 and €2,000.

The purchase of the commercial unit can be structured using the Canary Islands Investment Reserve (RIC) scheme, provided the buyer meets the applicable tax requirements.

The first floor houses a residential unit of approximately 100 m², comprising three bedrooms, two bathrooms, a separate kitchen, a spacious and bright living-dining area, and two terraces. Its layout makes it suitable for either personal residence or rental purposes, with an estimated monthly rental income of between €1,700 and €1,800.

The property also offers significant expansion potential. According to the available urban planning report, there is the possibility of constructing two additional apartments similar in size to the existing unit. This development would be subject to obtaining the necessary administrative licenses and permits.

Key features include:

Standalone mixed-use building.
Renovated restaurant, ready for operation.
Three-bedroom, two-bathroom residential unit.
Two terraces and sea views.
Two parking spaces included in the price.
Property currently vacant (no tenants).
Possibility of constructing two additional residential units.
Current income potential of €3,200 to €3,800 per month.
Commercial unit eligible for RIC acquisition.

A versatile asset located in a high-demand area, particularly well-suited for investors seeking a combination of immediate yield, income diversification, and medium- to long-term capital appreciation potential. Contact us for more information or to arrange a visit.
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