C146 Exceptional return on investment, BUILDING WITH RESTAURANT in the heart of Santa Cruz de La Palma

Mima Properties presents a magnificent investment opportunity: the acquisition of an emblematic traditional-style mansion, with a total of 440 m² and in one of the most coveted locations on the island of La Palma. This historic building not only represents a living fragment of the Palmeran heritage, but also a high-yield asset.

This corner property enjoys unparalleled visibility and accessibility, with main access through the prestigious Calle Real (Anselmo Pérez de Brito), the commercial and social artery of Santa Cruz de La Palma, and a second dreamlike facade on Avenida Marítima. This facade, with its unmistakable mullioned balconies covered in latticework and flowers, is one of the most photographed and admired tourist icons on the island, offering direct and spectacular views of the Atlantic Ocean.

The structure of the house respects the traditional Palmeran canon (tall and narrow), with noble elements such as the hipped roof and the original wooden carpentry in doors, windows and its spectacular balconies. It is an investment in an asset that transcends real estate to become a cultural and architectural symbol.

The investment is enhanced by the joint sale of the renowned and successful restaurant pizzeria that currently houses the property. A business with a long history, loyal clientele and a high demonstrable turnover, guaranteeing an immediate return on investment from day one. The property is delivered fully furnished and equipped, ready to continue its operation.

The 440 m² are distributed over two floors, designed to maximize functionality and performance:
Ground Floor: Dedicated to public service with three spacious dining rooms, an industrial kitchen semi-open to the dining rooms, a warehouse and toilets. Outside, attractive terraces for outdoor service.
Upper Floor: Offers two private dining rooms with access to the balcony on Calle Real, a large main office with direct access to the jewel of the property: the balcony on Avenida Marítima with sea views, as well as two bathrooms, a large cold room, a room for food preparation and two warehouses. This floor could be converted into a home.

EXPENSES ASSOCIATED WITH THE PURCHASE OF THE PROPERTY:
Property Transfer Taxes (ITP), normally 6.5% of the purchase price.
Notary fees
Registration fees in the Land Registry
Real estate agency commission