Investment Opportunity: Building with Historical Essence and Development Potential in La Isleta

Engel & Völkers presents this unique property located on the emblematic Luján Pérez street, in the heart of the vibrant La Isleta neighborhood, Las Palmas de Gran Canaria. An architectural piece that stands out for its traditional Canarian-style facade, ideal for investors seeking a project that combines respect for local identity with high profitability. Current State and Heritage Value: The property is presented in its original state, preserving the elegance of early 20th-century constructions. Its facade, with three symmetrical openings topped by semicircular arches and handcrafted wrought iron balconies, offers an exceptional canvas for a luxury rehabilitation project or a reconstruction that respects the surroundings. According to the Municipal Protection Catalog, the property does not have individual protection, which grants significant technical freedom for project development. Development Potential (Regulation M4): Located on Consolidated Urban Land under Zonal Regulation M (Closed Block), the plot offers exceptional buildability: Permitted height: Up to 4 floors (Ground + 3) plus a walkable rooftop. Use: Collective residential, with the possibility of commercial use on the ground floor. Estimated Surface: Capacity to develop between 6 and 8 residential units, depending on the design program. Ground Floor: Optimal space for the integration of a stately entrance and garage access, a scarce added value in the area. Location and Lifestyle: La Isleta has established itself as one of the areas with the greatest projection of the capital. Just minutes from Las Canteras Beach and Castillo de la Luz, this location offers the perfect balance between the charm of a traditional neighborhood and the growing demand for new design residences. Strategic Investment: This property is not just an abandoned building, but an opportunity for urban transformation. The possibility of raising the construction up to 4 heights taking advantage of the rooftop as a solarium or lounge area with views of the port and the city ensures immediate revaluation and superior commercial appeal in the vacation/residential sale or rental market. Engel & Völkers invites you to project the future on the foundations of history. A blank canvas for investors who understand that luxury resides in location and potential.