Investment opportunity – Sale of BARE OWNERSHIP

€210,000
  • 4 Rooms
  • 2 Bathrooms
  • ~103 m² Total surface
  • ~103 m² Living area

Description

Seize the opportunity to purchase the BARE OWNERSHIP of a magnificent 108 m² home, located on the seventh floor of the iconic Campo de España Building. Its height and orientation provide exceptional natural light and unobstructed panoramic views—a true luxury in the city. What does this mean? By acquiring the bare ownership, you become the owner of the property, but the usufructuary will retain the right to use and enjoy the home for life. Once the usufruct ends, the buyer will automatically consolidate 100% full ownership, with no additional acquisition costs. Why is it an excellent investment? - Purchase below market value. - Guaranteed long-term appreciation. - No management or tenants during the term of the usufruct. - A solid real estate asset as a wealth-planning strategy. - Ideal for forward-looking investors. An increasingly used formula by investors seeking to diversify and build wealth with a safe, planned strategy. For more information on the conditions and details of the transaction, please do not hesitate to contact us. Located in one of the most sought-after areas of Las Palmas de Gran Canaria, at the junction of the Arenales neighborhood and the prestigious Ciudad Jardín district, it offers unbeatable access to all services, shops, and leisure areas. Spacious, bright living-dining room of nearly 24 m² with parquet flooring and direct access to a 4.2 m² balcony, perfect for enjoying the views. Separate, spacious 12 m² kitchen, highly functional and with natural light. Four rooms: a main bedroom of more than 15 m², an 11 m² office, and two additional bedrooms. An updated full bathroom with a modern shower tray, and it also has a guest toilet. Information on the sale arrangement: This is a medium- to long-term investment. You acquire ownership of the property at a price significantly below market value, while the current owner will retain a lifetime usufruct (the right of use and enjoyment for life). It is the perfect formula to build a high-value estate with strong future returns. Don’t miss this opportunity to invest in a top-tier real estate asset. Contact us for more information.
Features
BalconyPatioTerraceOpen viewWheelchair accessible
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Engel & Völkers Gran Canaria

Your advisor: Alfonso Rincon

Property ID: W-030S3W

Property details
  • Object type

    Flat

  • Condition

    Needs renovation

  • Rooms

    4

  • Bathrooms

    2

  • Floor

    7

  • Number of Floors

    15

  • Total surface

    ~103 m²

  • Living area

    ~103 m²

  • Flooring

    Tiles

Energy efficiency information
  • Construction year

    1972

  • Energy certificate available

    In progress

Location: Las Palmas de Gran Canaria, Canary Islands

The location of this home is, quite simply, exceptional. Strategically situated on the boundary between the dynamic, central neighborhood of Arenales and the prestigious, quiet area of Ciudad Jardín, it offers a perfect balance between urban convenience and residential calm. It is, without doubt, one of the most sought-after locations in Las Palmas de Gran Canaria. On one side: Life and Services in Arenales Street-level services: Supermarkets, pharmacies, banks, health centers, primary and secondary schools. And a wide variety of shops, cafés, and restaurants that bring the neighborhood to life. Culture and Administration: Proximity to major administrative centers and to the city’s cultural district. On the other side: The Exclusivity and Calm of Ciudad Jardín Green spaces: Ideal for walking, exercising, or simply relaxing in the wonderful Doramas Park. A residential setting of tree-lined streets, villas, and landmark buildings that convey a sense of exclusivity and serenity. Leisure and Sport: Home to the historic Hotel Santa Catalina, the Pueblo Canario, and the Real Club de Tenis Gran Canaria, offering top-tier leisure options. This location allows you to enjoy the best of both settings: the energy and amenities of an established neighborhood like Arenales, and the serenity, greenery, and prestige of the most distinguished residential area of Las Palmas. An investment not only in a property, but in a higher quality of life and in a location that never loses its value. The information contained in this advertisement is for guidance only, is not binding, and is subject to verification.

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Apartments for sale in Las Palmas de Gran Canaria

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Engel & Völkers Gran Canaria

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