Fully Renovated Residential Building in Armeñime, Adeje
An outstanding opportunity for investors seeking profitability, long-term value appreciation, and a secure real estate asset in one of the most sought-after residential areas in southern Tenerife.
This residential building is undergoing a complete refurbishment and will be delivered fully finished, with fitted kitchens and fully equipped bathrooms. The project combines quality construction, energy efficiency, and strong long-term rental potential.
Property Composition
6 studios
3 one-bedroom apartments
1 garage unit
3 floors
Accessible rooftop terrace with panoramic views
Delivered turnkey (unfurnished)
Key Data
Property type: Residential building
Built area: 516.70 m² + rooftop terrace
Plot size: 245.00 m²
Façade: 14.30 m
Layout: Ground floor + 2 upper floors + rooftop terrace
High-Quality Refurbishment
Main Works
Complete structural and functional renovation.
Reinforcement of foundations and load-bearing elements.
Construction of two additional floors.
Creation of a rooftop terrace with stair access.
Features & Finishes
Reinforced concrete structure.
Cortizo aluminium windows.
Climalit double glazing (4+6+4).
STOP SOL solar-control glass.
Pre-installation for central air conditioning.
60x60 porcelain flooring.
Granite staircases and common areas.
Thermal and acoustic insulation.
Solar hot water system.
Individual utility metering.
Strategic Location
Located in the peaceful residential village of Armeñime, within the municipality of Adeje.
Advantages
Strong residential rental demand.
Only 1.5–2 km from the coast.
Excellent connection to TF-47.
Quick access to Costa Adeje.
Close to shops, services, and transport.
Rental Potential
Estimated Monthly Income
6 Studios
From €700 per month each
3 One-Bedroom Apartments
Between €850 and €900 per month each
Estimated Annual Yield
Approximately 6–7%
All units include a private terrace or balcony.
Future Value Enhancement
The property is currently registered as a single asset. In the future, there may be the possibility of dividing it into individual registered units, increasing liquidity and overall investment value.
Suitable for RIC
An attractive option for investors seeking to benefit from the Canary Islands Reserve for Investments (RIC).