Approximate location
Rustic property of 1,4 ha for sale in Arucas, The Gran Canarian palms
RUSTIC
|
AGRICULTURAL •
OTHER
1,4 ha | The Gran Canarian palms
690.000 EUR
-8%
728.167 USD
Description
7 rented homes · 14,000 m2 · Agricultural infrastructure · Extraordinary development potential. Just 15 minutes from Las Palmas de Gran Canaria, we present a property that is hard to find on today’s market: an investment asset combining immediate returns, established value and enormous growth potential. Located in the natural surroundings of the Barranco de Tenoya, this estate extends over approximately 14,000 m2, much of it flat, offering an exceptional balance of nature, privacy and proximity to the capital. It currently has seven fully rented homes, comprising # #-bedroom apartments and # #-bedroom apartments, generating substantial, verifiable monthly returns and allowing the new owner to earn income from day one. While many investments take years to start generating profits, this property offers an exceptional advantage: the opportunity to acquire a fully operational project, with established income and extraordinary room for growth. The estate has valuable agricultural infrastructure, including a reservoir with an approximate capacity of one million litres of water, a second additional reservoir and a complete automatic irrigation system. One of the projects with the greatest potential is the recent addition of approximately 400 young banana plants, carefully selected and imported from Tenerife. This plantation will progressively increase the estate’s production capacity as the plants reach full maturity, and may also benefit from the existing subsidies for this type of crop in the Canary Islands. The property’s potential does not end there. Despite this new plantation, a large area of cultivable land remains available to expand the operation with new banana, avocado or other high-value crops, always adapting to market needs. Next to the built-up area there is also a completely flat open space of approximately 800 m2, prepared to accommodate new lightweight structures, such as wooden homes, prefabricated modules or residential containers, always in accordance with current regulations. This space offers interesting opportunities to further increase the productivity and overall profitability of the investment. Unlike many agricultural operations that require substantial investment before they begin producing, much of that work has already been done on this estate. The future owner acquires an operation with income-generating homes, valuable water infrastructure and an agricultural project ready to continue growing over the coming years. Its excellent location, just minutes from Las Palmas de Gran Canaria, makes this property an exceptional opportunity for those seeking a solid asset with demonstrable returns and multiple development possibilities. This is not simply a rural estate. It is an investment with a present, a future and extraordinary potential to continue generating value.
Listing updated 6 hours ago
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Location
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Rustic property of 1,4 ha for sale in Arucas, The Gran Canarian palms
RUSTIC
|
AGRICULTURAL •
OTHER
1,4 ha | The Gran Canarian palms
690.000 EUR
-8%
728.167 USD
Need financing?
Boost your agricultural, livestock, or forestry operation through Cocampo.
Need valuation/appraisal?
At Cocampo we offer professional valuation services, tailored to each type of property.
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