16 000 000 €
Commercial for sale in Mogan
Mogan, Las Palmas
Listing agency: Serneholt Estate Gran Canaria
Facts & features
- Property type
- Commercial
- Bedrooms
- 128
- Built area
- 5 750 m²
- Plot size
- 7 100 m²
- Price per m²
- 2 783 €/m²
- Private pool
- No
- Reference
- MMV-206-361-14272P
- MiMove ID
- 10954197
- Listed
- 16/10/2026
What's special
APARTHOTEL, PUERTO RICO, SOUTH GRAN CANARIA.
Off-market presentation | Existing 1-star property | Refurbishment potential.
INVESTMENT OVERVIEW
An exceptional opportunity to acquire an established apartment complex in Puerto Rico, one of the most sought-after year-round holiday destinations in southern Gran Canaria.
Currently classified as a 1-star tourist accommodation, the property offers significant potential for refurbishment, modernisation and repositioning into a higher-standard hospitality destination.
With 56 residential units, generous outdoor spaces and a privileged location in the sunny south of Gran Canaria, this investment presents an opportunity for hospitality operators, real estate investors and developers.
PROPERTY DETAILS
- Asking price: €16,000,000
- Location: Puerto Rico, Mogán, Gran Canaria
- Current classification: 1-star
- Total units: 56
- Plot size: 7,090 m²
- Total built area: 5,746 m²
- Average acquisition price per unit: €285,714
- Average acquisition price per built m²: €2,784
ACCOMMODATION DISTRIBUTION
- The complex comprises 56 residential units of different sizes and configurations:
- 24 three-bedroom duplexes, approximately 120 m² each, with integrated private garages.
- 24 two-bedroom duplexes, approximately 81 m² each.
- 8 one-bedroom apartments, approximately 60 m² each, featuring spacious terraces.
All units benefit from terraces or balconies and favourable orientation, providing abundant natural light and sunshine throughout much of the day. Additional parking facilities are distributed throughout the complex, including eight outdoor parking spaces.
REFURBISHMENT & VALUE CREATION
The existing 1-star positioning creates an attractive opportunity for investors seeking to unlock additional value through refurbishment and strategic repositioning.
A renovation programme could include:
- Complete modernisation of apartments, kitchens and bathrooms.
- Contemporary interior design and upgraded furnishings.
- Improved terraces and outdoor leisure spaces.
- Enhanced swimming pool and communal facilities, where technically feasible.
- Energy-efficiency improvements.
- Rebranding and repositioning toward a higher-value international tourism market.
The objective would be to improve accommodation quality, increase achievable nightly rates and strengthen the property's competitive position. Any upgrade in official accommodation classification would be subject to the relevant technical requirements and regulatory approvals.
INVESTMENT POTENTIAL
-The property offers several possible investment strategies:
1. HOTEL REFURBISHMENT & REPOSITIONING
Transform the existing accommodation into a modern aparthotel targeting international visitors seeking comfortable, high-quality holiday accommodation.
2. LONG-TERM HOSPITALITY INVESTMENT
Maintain the property as an income-producing tourism asset, with the potential to improve operational efficiency and rental performance.
WHY PUERTO RICO, GRAN CANARIA?
Puerto Rico is one of the most established tourist destinations in southern Gran Canaria, particularly popular with Scandinavian, German, British and other northern European visitors.
Its sheltered beaches, marina, restaurants, shopping facilities and extensive leisure activities attract visitors throughout the year.
Unlike many Mediterranean destinations, which experience substantial seasonal fluctuations, southern Gran Canaria benefits from strong winter tourism demand.
The island's exceptional climate, established tourism infrastructure and international accessibility make it particularly attractive for long-term hospitality investment.
WHY INVEST IN GRAN CANARIA?
Gran Canaria combines a year-round tourism economy with strong international demand, excellent air connections and one of Europe's most favourable winter climates.
Tourism occupancy comparison:
- South Gran Canaria: 83.15% hotel room occupancy in August 2026.
- Paris: Approximately 80.1% average hotel occupancy in 2025.
- Stockholm: Approximately 70% average hotel occupancy in 2025.
One of Gran Canaria's strongest competitive advantages is its winter season. While Paris, Stockholm and many European destinations experience colder weather, southern Gran Canaria continues to attract international visitors seeking sunshine, beaches and outdoor activities.
This creates an attractive environment for hospitality investments targeting international holidaymakers throughout the year.
With an asking price of €16 million, 56 accommodation units and substantial refurbishment potential, this property presents an opportunity to acquire and reposition an established real estate asset in one of Spain's most recognised year-round tourism markets.
An opportunity to combine location, existing infrastructure and long-term value creation in the heart of southern Gran Canaria.
Interested in discovering more about this exceptional investment opportunity? Contact us for further details and a confidential discussion.
