Unique Investment Opportunity in Northern Fuerteventura!Carpe Mundi Real Estate presents an exclusive commercial property of 200 m² on a 223 m² plot, located in a central and privileged location, just a few steps from the sea.This property is situated in second line to the sea, offering an unbeatable panoramic view from the first floor, as the buildings in the first line are only ground level. It is the perfect opportunity to develop a boutique hotel/hostel or multiple apartments with one or more commercial spaces on the ground floor.Here are two investment options for this exceptional property:Option 1: Conversion into a Boutique Hotel in CorralejoThis property offers the possibility to add two additional floors, creating a total constructed area of approximately 600 m². Enjoy unobstructed views of the sea, the small beach, and the historic harbor – the perfect location for your real estate or commercial project.Investment Plan for the HotelConceptCost (€)Purchase of the land870,000 €Purchase costs (10%)87,000 €Demolition of existing building (200 m²)150,000 €Construction costs (1,700 €/m² for 570 m²)969,000 €Project [amp;] planning (20% of construction cost)258,400 €Total estimated investment2,657,400 €Planned Hotel Structure✔ Rooftop terrace with swimming pool✔ 7 rooms on the second floor✔ 6 rooms on the first floor✔ Ground floor: 3 rooms + reception + restaurant (50 m²)Estimated Hotel RevenueNumber of rooms: 16Average occupancy: 80% (12.8 rooms occupied)Room rate per night: 150 € (based on the Boutique Hotel in the area)Monthly hotel revenue: 57,600 €Additional restaurant revenue (50 m²): 1,350 €Total revenue before operating costs: 59,000 € per monthOption 2: Residential [amp;] Commercial BuildingProject DetailsProperty type: New construction project (residential [amp;] commercial use)Location: Central area of FuerteventuraPlot size: 200 m²Total constructed area: 600 m²Sale price: On requestProject Highlights✔ Flexible usage concept: Combination of residential and commercial spaces✔ Modern Bauhaus-style architecture✔ Ground floor: Restaurant or commercial unit (100 m²)✔ Ground floor: 3 studio apartments (25–30 m² each)✔ First floor: 3 spacious apartments with balconies (60–75 m²)✔ Second floor: One exclusive penthouse (200 m²) or two luxury apartments with private terraces✔ Optional: Elevator for maximum comfort✔ Attractive investment – ideal for rental income or unit salesInvestment Plan (Residential [amp;] Commercial Building)ConceptCost (€)Purchase of the land870,000 €Demolition [amp;] new construction1,200,000–1,300,000 €Total estimated investment (incl. furnishings)2,800,000–3,300,000 €? Option: The existing commercial unit can continue operating or be rented temporarily until construction begins, generating additional income before the project is completed.Revenue from Sales [amp;] Rentals✔ Potential revenue from selling units individually: 2,500,000–3,400,000 €✔ Long-term rental income (monthly): 10,450–14,750 €✔ Short-term (holiday) rental income (monthly): 21,450–32,175 €? A perfect opportunity for investors or homeowners! Take advantage of the potential of this property as a profitable investment or develop your own business and residential project on the sunny island of Fuerteventura.? Contact Carpe Mundi Real Estate for more details [amp;] viewing appointments.ConclusionThis property presents a unique opportunity to invest in one of the most sought-after locations in Fuerteventura. Whether as a boutique hotel, residential [amp;] commercial building, or luxury apartments, the possibilities are versatile and highly profitable.? Contact us today and secure your investment in this exclusive project!