Area: Los Gigantes
Mortgage available: 254,450€
Mortgage per month: 1,005€
Cash deposits needed: 28,000€
Exterior m2: 38
Community Fee per month: N/A
***Price further reduced from 309,000€ to only 254,450€ as of September***
This enormous 4 bedroom, 3 bathroom apartment repossession in Los Gigantes is offered at a huge discount. At 272m2 internally with a further 38m2 comprised of gardens and terraces, this is no ordinary apartment – it is HUGE! And for 254,450€ this really is an investors dream. If you´re looking for a property investment or somewhere to live then this should be at the top of your list. The price per sq metre is only 935€!!! - that is VERY, VERY low for this type of property in this area, in fact anything below 1,600€ per sq metre is probably a real bargain!
Originally 2 separate ground floor apartments, both were purchased for close to 200,000€ each and the owner knocked through to make one very large apartment. As they are ground floor they benefit from having gardens and plenty of outdoor space. The owner had grand designs on making this a very high-end luxury property but half-way through refurbishment ran into financial difficulty. This is now probably the best priced property in the whole of Los Gigantes and anyone buying in the Los Gigantes area should really take a look at this before making any decisions. The sea views are fantastic as the apartment benefits from an elevated position overlooking the town.
Need a mortgage? No problem, we can offer up to 100% of the purchase price at rates from 2.5% for up to 30 years. With those terms you could buy this for 28,000€ cash down with mortgage payments from as low as 1,005€ per month. Pre-qualification takes 10 minutes over the phone and we can then submit for underwriting once we have the relevant paperwork (contact us for more details.)
View Tenerife Distressed Property and Repossessions in a larger map
Last updated by.