Club La Mar Los Gigantes 2 bed apartments for sale from 119,950€ - Tenerife Estate Agents

Club La Mar Los Gigantes 2 bed apartments for sale 119,950€

Property Details

Type: Apartment
Area: Los Gigantes
Complex: Club La Mar
Price: 119,950€
Mortgage available: 84,000€
Mortgage per month: 335€
Cash deposits needed: 49,000€
Interior m2: 81
Exterior m2: 20
Bedrooms: 2
Bathrooms: 2
Balcony/Terrace Balconies
Garden: Communal Gardens
Community Fee per month: TBC

Property Photos

Sorry, this property is sold! It was another great property at a great price and we sold it very quickly.
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Apartments for sale, ideal for touristic letting in the Club La Mar complex, Los Gigantes

Last 2 units for sale, from a total of 42 apartments

With prices starting at just 119,950€ for this exceptional apartments in Los Gigantes, you simply can’t go wrong if you are looking at a solid rental investment.

There were 42 apartments put on sale to begin with. There are now just 2 left. Prices are as follows:

119,950€ – 2nd floor, front block, partial sea views – 2 left

All of the apartments are large and spacious with interior sizes measuring from 76m2 to 84m2. The apartments are being sold fully furnished to a high standard. The complex has a touristic license, 24 hour reception etc and functions as a holiday resort 365 days per year. You can choose to place your apartment with reception who will rent it out for you or you can keep it just for personal use, the choice is yours. Compared to other areas of Tenerife with touristic apartments, these prices are very low, you would typically pay well over 180,000€ for a similar property in the South of Tenerife.

Los Gigantes area

If you are not familiar with Los Gigantes it is on the West Coast of the island built on a steep hill at the bottom of which you have a marina, beach and town. The complex is at the bottom on the flat and is just a few minutes walk from the Blue Flag Beach of Playa de La Arena. The area where Club La Mar is situated is called Puerto Santiago and is popular with holidaymakers of all ages although the over 40´s are the predominant crowd, it doesn’t attract the club 18-30 type at all. Los Gigantes moves at a much slower pace than the resorts in the South and has its own set of travelers who would not holiday anywhere else. For a quick look at what people think of Los Gigantes you can read some reviews of the place on Trip Advisor by following this link – Los Gigantes holiday reviews.

The downsides to buying in Los Gigantes can be the transfers from the airport. If you have your own place there and don’t drive then it is a lot further from the airport than the Southern resorts but most people hire a car for a week or so and drive up and the longer you are staying the less important it becomes. Also, if you buy up the hill then it is very steep and on a hot day it isn’t a pleasant walk back from the beach with 3 kids in tow. Buying at the bottom or not too far up is definitely a better option!

Rental income

The new touristic reception has been open for 6 months now and the apartments are being let out at a high capacity. Prices for a weeks stay in one of these apartments are currently around 400€ and 500€ per week. The letting agent on site charges 20% for generating and managing bookings leaving you with a very health and hands free income.

Take a look through all the photos of the complex and the apartment interiors, I have included plenty for you and if you think this is something you would be interested in viewing, let me know and I can arrange it. The price is very good, the apartments and complex are top quality and they are touristic so do make for a decent investment if you aren’t going to be using them all year round. Well worth a visit if you are in the market for a property in Los Gigantes.

Further info

I have a full holiday / sales brochure in PDF if you want more information, this contains further details on room sizes and layouts as well as marketing inf about the complex. Just drop me an email if you would like me to send you a copy or mention it in the contact form comments when you make an enquiry below.

Mortgages in Tenerife

Need a Tenerife mortgage? No problem, we can offer up to 70,000€ at rates from 4% for up to 30 years. With those terms you could buy this for around 41,000€ cash down with mortgage payments from as low as 335€ per month (easily covered by the rental.) 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.)

Sorry, this property is sold! It was another great property at a great price and we sold it very quickly.
Want to know when we list the next bargain? Simply sign up below and you´ll receive a notification email next time I list a property at a great price – don´t miss another Tenerife bargain!