House Arona (Spain) Price: $ 4,711,000 USD

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British Pound (£ GBP)

Surface 671 m² Bedrooms 4 Bathrooms 3

The Luxury Villas in Caldera del Rey investment project is a promising and profitable venture aimed at constructing two luxurious villas in a popular area in the south of Tenerife. Statistics about Tenerife indicate a high influx of tourists, attractive property value growth rates, and the presence of key markets such as the United Kingdom, Germany, Spain, France, and Scandinavian countries.⭐The project site is located near popular island attractions, such as Siam Park and Siam Mall. It is situated on a hill, offering magnificent panoramic views. The total area of the plot is 1526.0 square meters, with a maximum buildable area of 671.79 square meters and an elevation of 165 meters above sea level.The proposed architectural project includes the construction of two villas, each with a floor area of approximately 450 square meters, spanning two levels/floors. The design of the project is done in a modern minimalist style, accentuating the status of future owners.✨The project requires specific expenses. The cost of the plot amounts to 4.5 million euros, and the construction costs are estimated at 2.9 million euros, resulting in a total investment of 2 million euros. The expected revenue from sales amounts to 9 million euros☝️. The selling price of the first villa is 4.2 million euros, and the second villa is priced at 4.8 million euros. After deducting all expenses, the pre-tax profit is estimated at 4.1 million euros, which represents 83% of the total revenue.The project implementation timeline includes a deal and registration phase, which can take up to 2 weeks. ⌚The construction time is estimated at 8-12 months, and pre-sales can begin concurrently with the construction process. The overall duration of the process is approximately 6 months.The Luxury Villas in Caldera del Rey project presents an attractive opportunity for investors, considering Tenerife's appealing tourism indicators, high demand for real estate in the Costa Adeje area, and the potential to generate significant profits from the sale of luxury villas.

Advertiser reference: 97089224 - Le Figaro Properties reference: 68800378

In detail

- Surface 671 m²
- Pièces 4
- Chambres 4
- Land NC^*
- Construction NC^*
- Parking NC^*
- Salles de bain 3
- Toilettes NC^*
- Exposition NC^*
- Chauffage NC^*
- Cuisine NC^*
- Taxe foncière NC^*
Energy Performance Certificate

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*GreenHouse Gas emission

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$ 4,711,000
Finance my mortgage

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