Building in Arrecife Centro, Lanzarote [Ref 562033]

RefMLS-562033 🔗

Arrecife Centro, Las Palmas, Lanzarote

Calle Carlos Saenz Infante, 16

810.000€

491m²

Exclusive Investment Opportunity: Building with Project and License in the Heart of Arrecife, Just Steps from the SeaWe are delighted to present this exceptional investment opportunity in the very heart of Arrecife. This building, full of potential, is located just a few steps from the iconic Playa del Reducto and the vibrant city center. A prime location with high demand for both residential and holiday rentals — ideal for developing a highly profitable real estate project.

This four-story building includes six residential units and comes with a fully approved and paid renovation project and building license. Over 50% of the renovation work has already been completed, allowing the buyer to resume and finalize the project immediately after purchase.

Property layout:
• Ground floor:
• A 65 m² unit (converted from a storage space, change-of-use in process) with 1 bedroom, spacious bathroom with dressing area, open-plan kitchen-living room, and private entrance.
• Storage/garage area, a guest toilet, central staircase, and space reserved for a future elevator installation.
• First floor:
• A 118 m² apartment with 4 bedrooms, 2 bathrooms, large living room, separate kitchen, and interior patio.
• Second floor:
• Two 59 m² apartments, each featuring 2 bedrooms, 1 bathroom, hallway, open-plan kitchen-living room, and balcony.
• Third floor:
• Two additional apartments with the same layout as the second floor (59 m², 2 bedrooms, bathroom, kitchen-living room, and balcony).
• Rooftop terrace:
• Private laundry/storage rooms for each apartment and an additional construction currently used for storage and private use. This space offers potential to be converted into a studio apartment or connected to one of the top-floor units to create a duplex.

The property comes with a complete architectural project, valid building license, certifications, and an up-to-date estimate for the completion of works.

This is a perfect opportunity for investors, with high potential to transform the building into a holiday rental complex, long-term rental apartments, or individual units for resale.

📞 Don’t miss out on this unique opportunity. Contact us today for more information or to schedule a viewing. We’ll be happy to assist and guide you through every step of the process.