For Sale: Club Paraiso - 1 bed Apartment in Playa Paraiso, Tenerife

Property Description

This apart hotel complex in Playa Paraiso, Tenerife has recently had a number of units repossessed by the bank. They are now being offered to the general public at a knock-down price with close to 100% mortgages.

The prices are:

Apartment 1: 59,000€ with a mortgage of 57,500€
Apartment 2: 62,000€ with a mortgage of 60,700€
Apartment 3: 67,500€ with a mortgage of 66,500€

This means you can purchase one of these properties for as little as 7,500€ cash down!

These apartments sold for up to 100,000€ each just 3 years ago!

The complex is situated in the middle of the town of Playa Paraiso which has undergone major rejuvenation recently thanks to Government and EU funding which has improved the local infra structure and beach. There are now 2 x 5 star hoptels in the area as well as plenty of cafes and restaurants. Playa Paraiso is also a very popular resort for divers. All of the roads around the town have recently been resurfaced and plenty of cash has been pumped into improving the walkways and small beach. Just along the coast there is also a newly developed beach in the town of Callao Salvaje. So you are effectively purchasing at the bottom of the market in an area which is undergoing significant improvement.

Everything is on your doorstep here and there is a regular bus service in to the main resorts of Playa de Las Americas and Los Cristianos.
We offer deposit guarantee on all properties where a mortgage is required so you can safely reserve the property of your choice and apply for the mortgage knowing that if your application is not successful, your deposit will be refunded in full. To take one of these properties off the market requires a reservation of just 2,000€.