An extremely rare freehold opportunity to acquire a prime-location commercial property, ideal for a bar/cafe/restaurant, in the heart of Playa Blanca's most vibrant commercial hub – Centro Comercial Papagayo. Unlike many local offerings (typically leasehold/traspaso), this substantial property offers secure freehold ownership, presenting a unique investment. It features a ground-floor unit with recently renovated main customer areas and WC, dual access, a 23m² rear sea-view terrace with pergola, and potential for tables at the front. Complemented by two spacious basement storage units, it's positioned just metres from the ocean promenade and Playa Dorada beach. Offered with existing equipment and sold "as seen," this provides a superb foundation to operate yourself or as a prime investment to rent out or offer as a rental lease.

Key Features:

Extremely Rare Freehold Opportunity: Secure freehold tenure, a significant rarity in this prime commercial area where most opportunities are leasehold (traspaso).
Outstanding Investment Potential: Ideal for owner-operation, or to acquire as an investment to then rent out or offer as a "traspaso" business.
Recently Renovated: The main front of house areas (including customer WC) in the commercial unit have been very recently updated.
Sought-After Location: Situated in the bustling Centro Comercial Papagayo, Playa Blanca.
Dual Access & Extensive Outdoor Seating:
Ground floor unit accessible from the commercial centre's plaza.
Private rear sea-view terrace (approx. 23 m²) with pergola.
Valuable opportunity for additional seating directly at the front of the unit.
Steps from Beach & Promenade: Literally just a few meters from the main ocean promenade and the golden sands of Playa Dorada.
Existing Equipment Included: Sold "as seen," with current operational equipment remaining (furniture not included).
Generous Internal Usable Area: Approximately 108.73 m² comprising:
Ground Floor Bar Area (Local 67-A): Approx. 36.33 m² of versatile commercial space.
Two Large Basement Storage Units (Almacén 49 & Almacén 48): Each approx. 36.20 m², providing extensive and secure storage.
High Footfall Zone: Prime position to benefit from constant passing trade.
Full Property Description:

The Opportunity:
Seize this extremely rare freehold opportunity to purchase a prime commercial space in Centro Comercial Papagayo. In an area where commercial properties are predominantly offered as leasehold transfers (traspasos), securing a freehold provides unparalleled security and remarkable investment flexibility. This unique property stands out with its recently renovated main customer areas and WC, dual access points, a private rear sea-view terrace (approximately 23m² with a pergola), additional prime space for tables at the front, and an enviable location just steps from the main ocean promenade and the renowned Playa Dorada beach. Offered with existing equipment (furniture not included) and sold "as seen," this provides a remarkable canvas to launch your own business or a stellar investment to lease out.

Property Layout & Details:
The property consists of three internal units, plus significant outdoor areas, offering a highly functional customer-facing space with valuable access options, and exceptionally generous storage:

Ground Floor Commercial Unit (Local 67-A): This unit offers approximately 36.33 m² of internal usable space. Importantly, the main customer areas and the WC have been very recently renovated, presenting a fresh and modern feel. A key feature is its dual access: one entrance directly from the bustling internal plaza of the Centro Comercial Papagayo. The second highly advantageous access point is from its private rear terrace. This fantastic terrace, measuring approximately 23m², is covered by a pergola and provides patrons with pleasant sea views. Furthermore, there is the valuable opportunity to place tables directly at the front of the property within the commercial centre, further increasing visibility and seating capacity (subject to any necessary community agreements or permissions).
First Basement Storage Unit (Almacén 49): Located on the basement level, this spacious open-plan storage room provides approximately 36.20 m² of valuable additional space.
Second Basement Storage Unit (Almacén 48): Also conveniently located on the basement level, this further open-plan storage room offers another approximately 36.20 m² of versatile space.
Together, these two substantial basement units provide extensive and secure storage for beverages, stock, refrigeration, and all other operational essentials.

Location – The Ultimate Playa Blanca Hotspot:
Centro Comercial Papagayo is a premier commercial destination in Playa Blanca. This property's specific location within the centre is paramount, being literally a few meters from the main palm-lined ocean promenade and the golden sands of Playa Dorada. This guarantees maximum exposure to the constant flow of beachgoers, tourists, and local residents enjoying the seafront. The centre itself is a lively hub with a diverse array of shops, popular restaurants, and entertainment venues, ensuring a vibrant atmosphere day and night.

Business & Investment Potential:
This freehold property represents a superb investment in one of Lanzarote’s most sought-after resorts. The rarity of freehold title in this commercial centre significantly enhances its value and appeal. It offers versatile options: operate your own thriving bar/café, or leverage the strong demand by renting out the premises or offering it as a 'traspaso' business opportunity to a third party, generating a potentially lucrative income stream. With its recently renovated key areas, exceptional location, dual access, defined sea-view terrace, potential for front seating, and substantial internal space, the potential for a strong return on investment is clear. While requiring furnishings to complete your vision, the existing equipment provides a head start.

Important Information:

Tenure: Rare Freehold.
Condition: Sold "as seen," with existing operational equipment included. Main customer areas and WC recently renovated. Furniture is not included.
Internal Usable Area: Approx. 108.73 m² (Local 67-A: 36.33 m²; Almacén 49: 36.20 m²; Almacén 48: 36.20 m² ).

External Area: Approx. 23 m² private rear sea-view terrace with pergola. Potential for additional front seating area (subject to any community agreements or permissions).
Building Year: Inferred to be circa 1999, as per details in the deeds regarding unit acquisition by the previous owner.
Community fees may apply as part of a commercial centre.
Viewing Arrangements:
To fully appreciate the unbeatable location, versatile indoor/outdoor space, recent renovations, sea views, and outstanding business and investment potential of this unique commercial property, viewings are highly recommended.

Contact us today to schedule an appointment or to receive further information!