Engel & Völkers
Courtyard view with a stone fountain surrounded by lush green plants. White buildings with wood balconies surround the courtyard.

PROFITABILITY IN A HISTORIC SETTING

€1,695,000
  • 25 Rooms
  • 5 Bathrooms
  • ~1,205 m² Total surface
  • ~1,073 m² Plot surface

Description

. In the historic core of Vegueta, the foundational epicenter of Las Palmas de Gran Canaria, stands this **manor house linked to the Vega Grande County House**, a heritage asset of great rarity in the market. It is not merely a property, but a strategic opportunity for positioning in the most exclusive segment of the island real estate. The building, originating from the 17th century and meticulously renovated in the 20th century, retains the values of traditional Canarian architecture: noble woods, carved balconies, interior courtyards, and a central fountain considered one of the most unique in Vegueta. Its configuration, spacious and flexible, allows for high-performance adaptations: **boutique hotel of reference, prestigious institutional headquarters, premium cultural space, or corporate enclave with international projection**. The location itself is an investment argument. Vegueta concentrates the highest cultural and tourist flow of the city, with sustained growth potential derived from its historical appeal and its consolidation as a top-tier destination. In this context, an asset of these characteristics guarantees **heritage appreciation, future liquidity, and a differentiated position compared to conventional real estate products**. Acquiring this property means incorporating into a portfolio not only an exceptional property but a **strategic asset with natural entry barriers**, impossible to replicate, that combines historical legacy with a horizon of high value-added economic exploitation.
Features
GarageGardenPatioSecurity systemTerrace
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Engel & Völkers Gran Canaria

Your advisor: Jenifer Perez

Property ID: W-046G75

Property details
  • Object type

    Special property

  • Condition

    Needs renovation

  • Rooms

    25

  • Bathrooms

    5

  • Number of Floors

    3

  • Garages

    1

  • Total surface

    ~1,205 m²

  • Plot surface

    ~1,073 m²

  • Usable surface

    ~935 m²

  • Flooring

    Tiles, Wooden floor

Energy efficiency information
  • Construction year

    1800

  • Energy efficiency class

    F

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

Location: Las Palmas de Gran Canaria, Canary Islands

. The street Castillo, where this unique property is located, is one of the historical arteries of **Vegueta**, the foundational neighborhood of Las Palmas de Gran Canaria. Since the 16th century, it has been a hub of transit and residence for notable families connected to Atlantic trade and the political-administrative development of the city. Its layout preserves the spirit of the early urban planning of the Crown of Castile in the Archipelago, making this street a living testimony of colonial history. For an investor, the location means much more than a point on the map: it is a place where **heritage value, visibility, and economic projection** converge. The street Castillo connects with iconic squares and buildings —such as the Cathedral of Santa Ana, the Plaza del Pilar Nuevo, or the Casa de Colón— consolidating an environment of high cultural and tourist traffic. Within a few meters, there are institutions, museums, prestigious restaurants, and cultural spaces, enhancing the integration of any project into the active life of the neighborhood. Historically, the street was the residential center of the local elite and a strategic route in the expansion of Vegueta. Today, that legacy translates into a unique appeal for projects aimed at a discerning audience. The growing demand for exclusive experiences linked to heritage reinforces the strength of the investment: an asset on street Castillo not only retains its value but multiplies it by being in an area where the **real estate offer is extremely limited**. In sum, the location of the property provides double value: on one side, the **historical rarity** of belonging to one of the most emblematic streets of the city's founding core; on the other, the **ability to capitalize on the economic and cultural dynamism** that characterizes Vegueta today. For an expert investor, this combination constitutes a differentiating factor compared to any other real estate product on the island.

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Engel & Völkers Gran Canaria

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