Investment plot in Alcalá – South Tenerife – 55 luxury apartments with ocean views

Varadero, Alcalá – Southern Tenerife | 12,000 m² Plot | Development Project | Price: €7,400,000

Located in the attractive coastal area of ​​Varadero—near Alcalá in southwestern Tenerife—is a 12,000 m² investment plot offered together with a project for a modern residential complex.

This opportunity is aimed at developers, investment funds, and investors seeking land for a prestigious residential development in the Canary Islands.

The project entails the construction of 55 luxury apartments across two modern buildings, designed with a focus on resident comfort, high-standard finishes, and leveraging the property's exceptional location near the Atlantic Ocean.

The large plot size, attractive location, and developed architectural concept provide a compelling foundation for a real estate development project in Tenerife.

A modern apartment complex by the ocean

The project, prepared by renowned architect Antonio Jorge Mejías, comprises two residential buildings featuring modern architecture that blends harmoniously with Tenerife's coastal landscape.

The development concept features spacious apartments, extensive glazing, terraces, and carefully designed common areas.

The project includes:

• 55 luxury apartments distributed across two buildings.
• Four-story structures.
• Apartments with ocean views. - Exclusive penthouses with private pools.
• Additional private pools for selected ground-floor apartments.
• Gardens and recreational areas.
• A communal area featuring a sun deck and a gym.
• Dedicated elevators serving the penthouses.
• A design allowing for development in two phases.

The well-planned layout balances the privacy of future residents with functionality and attractive communal spaces.

Location – Varadero, Alcalá, Tenerife

Varadero is a coastal area on the southwest coast of Tenerife, situated in the municipality of Guía de Isora, adjacent to the town of Alcalá.

The area is distinguished by its proximity to the Atlantic Ocean, beautiful views, a mild climate, and a more tranquil atmosphere compared to the island's heavily developed tourist hubs.

Nearby amenities include seafront promenades, natural swimming spots, and restaurants, as well as the towns of Playa San Juan, Alcalá, and Puerto de Santiago.

The location also offers convenient access to Costa Adeje and other parts of southern Tenerife.

This location appeals to those seeking a second home by the ocean as well as buyers looking for high-standard properties in a desirable area. ## Plot and Development Project Specifications

Key information:

• Location: Varadero, Guía de Isora, Tenerife
• Plot area: 12,000 m²
• Buildability ratio (per documentation): 1.31 m²/m²
• Maximum plot coverage: 40%
• Maximum built area (per dossier): 13,100 m²
• Planned use: approx. 10,000 m² residential; up to 3,000 m² mixed-use (commercial and residential)
• Planned number of apartments: 55
• Number of buildings: 2
• Number of storeys: 4
• Project can be developed in phases
• Possibility to negotiate settling part of the transaction via a property exchange

Investment Potential in the Tenerife Real Estate Market

Southwest Tenerife is an attractive area for residential investment, particularly for projects featuring modern architecture, proximity to the ocean, and high standards.

The Varadero project offers the opportunity to create an apartment complex aimed at international clients looking for a primary residence, a holiday home, or a capital investment.

A significant advantage of this offer is the existing architectural concept, which can serve as a starting point for further design and administrative work.

Payment terms:

• 10% upon land reservation.
• 90% upon obtaining the building permit.

There is a possibility to negotiate settling part of the transaction via a property exchange, subject to agreement with the seller. ## Your Real Estate Development Investment in Tenerife

Purchasing a well-situated plot of land is one of the most critical stages of any development project. Location, development potential, and the architectural concept are key factors determining the project's future prospects.

Twoja Teneryfa Nieruchomości offers a personalized approach for investors interested in purchasing land and carrying out development projects in Tenerife.

Leveraging our knowledge of the local real estate market, we help clients analyze available investment opportunities and navigate the property purchasing process in Spain.

Are you interested in this investment?

We invite you to contact us directly.