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 €872 €10,464
Total €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

Located in a high-demand tourist and residential area

Potential for rent increases or value-add renovations

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

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

This legal flexibility significantly enhances income potential, especially in a market like Puerto Rico, Gran Canaria, where demand for vacation rentals remains strong year-round.

Individual Property Details
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 long-term upside.

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