5,700m2 Commercial Building

Opportunity to acquire a 5-story commercial building with a constructed area of 5,700 m², located in the Cañón del Ámbar (former Binter offices), one of Telde's most strategic locations, just 10 minutes from the airport and 15 minutes from Las Palmas. The area has a daily traffic flow of approximately 200,000 vehicles and significant urban development potential.

Main features:

Building area: 5,700 m² + 2,000 m² plot.
Floors: basement 3, mezzanine basement 2, basement 1, ground floor - floor 1, and floors 2-3.
Equipment: 2 elevators (1 panoramic), air conditioning, data/voice network, indoor and outdoor parking (68 spaces), small restaurant-bar, advertising façade.
Condition: In perfect condition, with the ground floor currently rented to an appliance chain (€20,000/month, 3-year contract).
Potential uses: offices, gyms, yoga/pilates centers, coworking, medical offices, leisure, storage, paddle tennis courts.
Investment details:
Sale price: €8,500,000 (€1,491/m²).
Estimated income: €1,440,000/year from rentals.
Estimated ROI: 19%.
Payback period: 6 years.
Estimated IRR: 4% (7 years).
Possibility of additional income from facade advertising and parking.
Competitive advantages:
Strategic location near shopping centers and expanding residential areas.
Great visibility and vehicular traffic.
Facilities ready for multiple commercial activities.
Opportunity for a self-sustaining project with renewable energy.