VITAMIN SEA SENIORS VILLAGE
Luxury Villas I Bungalows I Hotel I Commercial Spaces
TENERIFE AND CALLAO SALVAJE – GEOGRAPHICAL COORDINATES
Tenerife is the biggest of the Canary Islands, a sub-tropical archipelagus which belongs to Spain.
Callao Salvaje is a well established upscale holiday destination in the South part of Tenerife.
THE PLOT – 15 HECTARES SEAFRONT
The hotel can be built and then sold on to a third-party operator or investor.
Price: €55 mln
|79 LUXURY VILLAS
Buy-to-Sell & LetThe villas can be sold to private buyers.During their absence (e.g. 6 months/year), the villas can be rented out short-term viacentralized holiday rental management contract.Price: €1.2 mln/unitRental Price: €200/day
Buy-to-Sell & LetThe bungalows can be sold to privatebuyers. During their absence (e.g. 6 months/year), the villas can be rented out short-term via centralized holiday rentalmanagement contract.Price: €0.75 mln/unitRental Price: €100/day
OTHER REVENUE SOURCES
The resident members (unit buyers) will have to bear an extra monthly fee for cleaning, maintenance, community services, etc. (1,000€ for bungalows and €2,000 for villa owners)
per living unit
The commercial spaces will host shops, hairdressers, cafetería, and other community-oriented services like gym, yoga, IT & language classes, etc.
* It is assumed that the hotel will be built and sold on. Other options can be equally viable such as having an hotel operator run it for an agreed annual return (5%-7%) or selling on the empty plot for approximately €15 Mln.
REALITY CHECK: BREAK-EVEN POINT
Selling just one third of the units (including the hotel) would return the invested amount of €
You want more information about this project, send us the LOI in the following formular.