Building to be renovated in Guanarteme with commercial space and 2 dwellings

Building between party walls in Guanarteme, a unique investment opportunity in one of the most sought-after areas of Las Palmas de Gran Canaria.

The property has 213 m² of built area on a 125 m² plot, distributed over two floors plus a walkable rooftop terrace. On the ground floor there is a 125 m² commercial unit, while the upper floor contains two dwellings: one exterior-facing flat of 39 m² and another interior flat of 56 m².

The property requires renovation, allowing it to be adapted to different plans and to take advantage of its great potential. Planning regulation M3 permits building up to three storeys, opening the door to residential or tourist projects with excellent profitability potential.

Its location is strategic, just five minutes from Las Canteras Beach and very close to Las Arenas Shopping Centre, Plaza del Pilar and the Alfredo Kraus Auditorium. It is a well-established area, with all services and strong demand both for holiday lets and long-term rentals.

An ideal option for investors looking for a property with potential, versatility and a privileged location.

Expenses and taxes not included. For guidance only:

Taxes: The buyer will pay, for first transfers, the Canary Islands General Indirect Tax (IGIC), with a general rate of 7%. For second transfers, the Property Transfer Tax (ITP), with a general rate of 6.5%. The tax rate may be reduced depending on the property classification and the buyer’s personal circumstances*. The taxable base will be the higher of the sale price and the cadastral reference value.

Notary and land registry: Payable by the buyer. Fees vary depending on price, number of copies and complexity. Approximately between €1,500 and €3,000. The right to choose the notary belongs to the buyer. By law, the seller assumes the expenses corresponding to them, unless otherwise agreed.

Mortgage: Valuation, bank fees and administrative fees according to the financial institution chosen by the buyer.

Real estate agency fees payable by the seller.

The consumer has the right, in accordance with current regulations, to receive additional information and documentation relating to the property and the terms of the sale. For this purpose, you may contact us at Calle General Vives No. 48, 35007, Las Palmas de GC or at atrio@noow.es. NOOW | Espacio Atrio acts exclusively as an intermediary, so the transaction and its terms are subject to the seller’s express acceptance and the subsequent formalisation of the contract. This listing is for information purposes only; the information provided corresponds to that available on the date of publication and may vary depending on circumstances or legal, contractual and tax updates.

(*) Please consult specific conditions according to personal circumstances or the applicable tax regime.