Unique M&A opportunity for investors in Northern Tenerife. For sale is a fully operational and highly profitable boutique aparthotel with over 27 years of market presence in Icod de los Vinos, integrated into a beautifully restored, 218-year-old historic monastery building.
Financial Highlights:
?Purchase Price: €809,100
?Gross Yield: 12.36% (With a provable annual revenue of €100,000).
?Occupancy Rate: Outstanding year-round occupancy of 93%.
?R.I.C. Eligibility: This project meets all the legal requirements for the materialization of funds from the Reserva para Inversiones en Canarias (R.I.C.) [1.1], as it involves an active, fully licensed tourist establishment. It represents an unbeatable tax optimization tool for Canary Islands-based companies.
?Leverage Option: With a 50% bank financing structure, the cash-on-cash yield rises above 5% per year, supported by an excellent Debt Service Coverage Ratio (DSCR) of 1.70.
?Efficiency: The operational business runs fully automated, requiring only 24 hours of cleaning and 24 hours of administration per week.
Property Layout (423 m² Built Area):
A turnkey investment featuring 7 self-contained, fully furnished accommodation units (6 apartments and 1 studio) operating under an Adults-Only concept. It includes a beautiful Canarian courtyard filled with lush vegetation, and extensive roof terraces with lounge areas, a pergola, and spectacular panoramic sea views.
Note: The sale is structured as a Share Deal (transfer of 100% of the debt-free S.L. company), which holds the property asset and active licenses. This provides significant tax advantages upon purchase (potential exemption from the 6.5% ITP property transfer tax). All inventory and goodwill are included. Contact us for the detailed financial dossier.