Las Palmas de Gran Canaria 35001 1,582 SF Retail Building $203,162 ($128.40/SF)

Commercial space in Vegueta with frontage on three streets, two independent entrances, and a return of over 5%. For sale: commercial space located in Vegueta, in a well-established area that stands out for its visibility, accessibility, and multiple usage possibilities. The property is situated on the ground floor of a three-story building and has 147 m² of built space. One of its key distinguishing features is its frontage on three streets and independent entrances from two of them, a characteristic that provides convenience, exterior presence, and versatility for various commercial activities. Currently, the space is being used as a bar-café and is leased, offering a return of over 5%. This allows for immediate income generation, avoiding the typical waiting periods and uncertainty of finding a new tenant. Additionally, the buyer can choose to either keep the current tenant and continue receiving rental income or terminate the lease agreement under the agreed-upon conditions, depending on the intended use of the property. This flexibility makes it an attractive option for both investors looking to add a profitable real estate asset to their portfolio and those who wish to use the space for their own business activities. Its location in Vegueta further enhances the property's appeal. The surrounding area includes residential homes, shops, restaurants, and services, within a well-established zone with regular foot traffic. A spacious, visible property with frontage on three streets, independent entrances on two streets, and immediate profitability. An interesting opportunity for investment or for planning a future commercial venture. The costs associated with the purchase—such as notary fees, registration, taxes, etc.—are not included in the sale price. **WE HELP YOU WITH FINANCING!** **Don’t hesitate to call us for more information or to schedule a visit!** The information provided here may be subject to unintentional errors or omissions.