Commercial for sale in Teguise, Lanzarote

A rare chance to acquire the historic cinema, an iconic building in Teguise. Located in a prime spot within Lanzarote’s former capital, the property has, for the last 25 years, housed a thriving antiques, furnishings and curiosities business.

The property is available for purchase at 1,580,000€ and includes a generous 500m² of retail space. The upper level old projection room has been cleverly adapted into a self-contained apartment, providing convenient living quarters on site.

Total 471m2 built area – Ground floor 447m2, first floor 24m2
Additional areas – storage 32m2, storage 12m2, roof terrace 113m2

Another attractive feature is the roof terrace, which offers panoramic views across the volcanic landscape and the historic town below. The property can be purchased either with, or without the existing business in place. It represents an exceptional opportunity to either take up the reins of a fully functioning and profitable landmark company in Teguise or to develop the iconic property into something else with a new owner's energy and vision.

The business with stock is available for sale with a value of 200,000€ on top of the premises building. The current owner has a deep-rooted family legacy in the arts and in Teguise itself and transformed this iconic property from the 1950’s into a haven of inspiration.

Teguise is one of Lanzarote’s most atmospheric and historic locations, and also home to the infamous Sunday market. The area is thriving as the number of restaurants, galleries, art studios, wellness centres and boutique hotels can attest to.

Purchased as either a standalone property or a unique and turnkey investment property with a fully up and running business this is a superb opportunity in Teguise.