Teror, Las Palmas 35330 15,888 SF Retail Building $648,869 ($40.84/SF)

Restaurant, Hotel with Garage and Air Rights, 10 Minutes Walking Distance from the Historic Center of Teror - Investment Opportunity - Eligible for RIC. This exceptional commercial property is for sale in the municipality of Teror, Gran Canaria. A unique opportunity for investors seeking versatility, profitability, and a prime location, just 1 km from the iconic Basilica of Nuestra Señora del Pino. The building is currently operational, generating income from both the restaurant and tourist accommodation activities. The property boasts 1,476 m² of constructed space, distributed across three floors with multiple uses: - **Top Floor**: With a constructed area of 503.80 m², it is currently set up and recognized as Hotel El Pino. It features 9 rooms with private bathrooms, five with outdoor terraces and four interior rooms with natural light. The rooms are equipped with heating and air conditioning, ensuring year-round comfort. Additionally, it includes a living room, laundry area, and two rooms with bathrooms currently used as storage and office space. - **Ground Floor**: Spanning 570.80 m², it houses the renowned Restaurante Grill Casa Chano, with a capacity for 200 diners. With a functional layout and spacious dining areas, it includes an industrial kitchen, professional grill, service bar, and terrace. Ideal for events, celebrations, or daily operations. - **Semi-Basement Floor**: Covering 402 m², this area is mostly in raw condition and is currently used as a garage and storage space. It offers multiple possibilities for adaptation based on needs. The building has horizontal division and includes air rights, allowing for future expansions in compliance with current regulations. **Strategic Location for Tourism**: Situated near the historic center in a peaceful environment attractive to hikers and nature lovers, enhancing its appeal to foreign tourists and clients seeking accommodation in charming rural areas. Its proximity to the town makes it a perfect spot for developing a well-established tourism business. The property is well-connected to public transportation and close to all essential services, such as supermarkets, pharmacies, health centers, sports facilities, parks, shops, etc. Don’t hesitate to contact us to schedule a visit to the property. **Additional Information**: The costs associated with the sale (notary, registration, taxes, etc.) are not included in the sale price. **WE CAN HELP YOU WITH FINANCING!** The information provided is for guidance purposes only and may be subject to errors or unintentional omissions.