An excellent opportunity for a quick cash buyer to snag a vastly reduced one bedroom apartment in the centre of Playa de Las Americas on the San Rafael complex. Reduced from an original asking price of 98,000€ this distressed sale is now priced at an incredible 62,950€! This is an urgent sale and strictly non-negotiable. Identical properties are being marketed today at between 99,000€ and 117,500€!

San Rafael sits in the heart of Playa de Las Americas and is close to the Veronicas strip of bars and nightclubs, all amenities, restaurants and taxis etc. You really couldn´t be more “in the thick” of it than here! The beach is just across the road from the complex – literally one minute away. Facilities include a large swimming pool and sun terraces. The area of Veronicas is famous for its nightlife and is the “go to” place for the 18 – 30´s crowd although people of all ages enjoy themselves down there. The popularity of the area is what makes the apartment an attractive investment with plenty of potential customers, be they holidaymakers or those looking to stay in the area to be close to where they work.

On the ground floor, the apartment has a lounge area with a small kitchen. The kitchen area is a slightly odd design but functional. Upstairs on the first floor you will find a bedroom and a bathroom. Additionally, on the second floor you actually have a rooftop terrace – a fantastic bonus! The views are nothing to write home about although you do have a partial sea view, complete privacy up there and your own outdoor space.

The total interior measures 45m2 and the rooftop terrace a further 10m2. As an investment, this would generate a very good return on your capital if rented out to locals who work in the area – up to 500€ per month quite easily, which is almost 10% per year. Alternatively, one bedroom apartments rent out to holidaymakers on San Rafael for around 250€ per week and can sleep 4 people (Source: LetsGoCanaries holidays)

The apartment is being sold unfurnished and could probably do with a fresh coat of paint and some new kitchen units but with a total discount of 35,000€ you will have plenty of change left over from your purchase to do whatever you like with it!

The owner is looking for a fast sale from a cash buyer and is absolutely non-negotiable on price. If you still insist on making an offer on an apartment on this complex then please do so on the apartment priced at 99,000€

Advice on buying an apartment on San Rafael

We are well known for our honest descriptions and total lack of “sales bull.” We like to tell it how it is and stick to real “value for money” deals. As such a lot of our investor clients will buy without viewing if the numbers are right. However in this case, we would advise any potential buyer to view the complex and the apartment before committing to a purchase as San Rafael has seen better days and parts of the complex look jaded and run down. We like our buyers to know exactly what they are investing in.

Fortunately the apartment is situated at the bottom end of the complex, the “good side” which is well maintained, has nice gardens and no through footpath meaning the only people who will be walking past your apartment are a few neighbours. This makes it a very decent purchase as a buy to let investment but we do not want to sell to anyone without a viewing.

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