Advert ID:11803 / Seller Reference:Plot of Land in La Palma / Type:Miscellaneous Opportunity / Sector:Property / Location:Santa Cruz de Tenerife

Seafront Land To Develop Hotel 5 Stars

Opportunity Summary

Owner sells plot of land for building development with license to build a Hotel or Aparthotel 5 stars, for 500 beds or 250 units. The plot is located in La Palma island, Canary Islands, and has an extension of 48.900 sqm or 12,08 acres. The plot has wonderful view over the ocean and is free of any charges, mortgage or taxes. This plot of land has one of the only 6 licenses given by the local government to build hotels in the island of La Palma. Currently the island has a shortage of over 12.300 tourist beds.

Please, get in touch with owner to receive, photos, legal documents, plans, building characteristics, building costs, price of land, valuation and business analysis that indicates a return on investment before taxes of over 6,2 million euros in less than 2 years. carlosperez8278@Respond to this opportunity

View over ocean from plot

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