Canaima Pack

INVESTMENT OPPORTUNITY
4-Unit Property – Canaima, Avenida de los Cardones, 1
35130 Puerto Rico, Las Palmas, Spain

Exclusively Offered by: Victoria & Associates
Purchase Price: €560,000
Total Individual Valuation: €750,000

Asset Composition & Rental Income
Unit Type Monthly Rent (€) Annual Rent (€)
Apartment 126 – 1 Bedroom €750 €9,000
Apartment 127 – 2 Bedrooms €1,200 €14,400
Apartment 226 – 1 Bedroom €1,000 €12,000
Pool Bar – Commercial Unit €872 €10,464
Total Annual Income €45,864

All units are currently rented, generating immediate income.

Annual Expenses
Expense Annual Cost (€)
Community Fees €774.61 × 12 = €9,295.32
Property Tax (IBI) €900
Total Expenses €10,195.32

Net Operating Income (NOI)
Gross Income: €45,864

Less Annual Expenses: €10,195.32

Net Operating Income: €35,668.68

Return on Investment (ROI)
ROI = (Net Income ÷ Purchase Price) × 100
= (€35,668.68 ÷ €560,000) × 100
= 6.37%

Investment Highlights
Fully rented, income-producing asset

Mixed-use property: 3 residential units + 1 commercial unit

Community fees include water and electricity

High-demand tourist and residential location

Potential for rent increases or value-add renovations

Discounted package price: €560,000 vs. €750,000 valuation

Most furniture included in apartments (except tenant-owned items)

The pool bar’s full inventory (furniture, kitchen appliances) was purchased by the current tenant from the owner, relieving the new owner from any responsibility for maintenance or replacements

The current tenant may offer to resell this inventory to the new owner if the lease is terminated, but there is no obligation

Note: Photos shown were taken prior to the current tenancies and may not reflect the current condition. Viewings are highly recommended.

Legal & Licensing Update
The property has recently completed a división horizontal (horizontal property division) and is in the final registration phase. Once finalized, each apartment will be eligible to apply for a Vivienda Vacacional (Vv) license, allowing for legal short-term holiday rentals.

This flexibility significantly increases the income potential, especially in a location like Puerto Rico, Gran Canaria, where year-round tourism demand is consistently high.

Individual Property Valuations
Apartment 126 – €120,000
1 Bedroom | 37.5 m²

Apartment 127 – €250,000
2 Bedrooms | 66 m²

Apartment 226 – €190,000
1 Bedroom | 54 m²

Pool Bar & Toilets – €190,000
Commercial Unit | 122 m²

Total Individual Value: €750,000
Discounted Package Price: €560,000

This is an ideal investment for holiday lets, long-term rentals, or commercial redevelopment. Located in a thriving tourist zone with year-round demand, it offers immediate returns and strong long-term potential.

📞 To arrange a viewing or request further information, please contact Victoria & Associates directly.