Ref.
II
Price
1.580.000 €
Bedrooms
1
Bathrooms
2
Property Size
536 m<sup>2</sup>
Plot Size
Year Built
Property Type
Investment
Property Status
For sale
Teguise
1.580.000 €
NEW
1
2
536m<sup>2</sup>
<b>ID /</b> II


Description
Located in the historic heart of Teguise’s old town, this exceptional property is known as the former Teguise cinema and is today home to the well established furniture store “Emporium”. It is a rare real estate gem with strong architectural character and highly versatile usage potential.
The cinema is registered in the Land Registry with a built area of approximately 300 m² and is laid out as follows: a spacious entrance hall with a toilet, a storage room, and a secondary entrance with a staircase leading directly to the apartment on the first floor. The impressive main hall extends over two levels and overlooks the original stage, which strikingly reflects the historic character of the building. The space is complemented by a separate secondary hall, which includes two additional storage rooms and an extra toilet. From here, there is direct access to the stage.
The current inventory is not included in the purchase price but may be acquired separately for €200,000 (negotiable).
On the upper floor, there is a roof area with a total surface of approximately 236 m². This includes a residential unit of around 41 m² comprising a bedroom/study and kitchen, as well as a tiled sun terrace of approximately 45 m² offering spectacular panoramic views across Lanzarote and out to the sea. The remaining area consists of the cinema’s roof surface, which can also be tiled.
A truly unique property with history, presence, and outstanding potential, ideal for cultural, commercial, or representative use in one of the island’s most historic locations.
Ref.
II
Price
1.580.000 €
Bedrooms
1
Bathrooms
2
Property Size
536 m<sup>2</sup>
Plot Size
Year Built
Property Type
Investment
Property Status
For sale
Property
Gallery
Property
Features
Close to town centre
Rustic Design
Council Tax (annual): 300€ - 350€
Historic Gem: The Old Cinema of Teguise (with Annex Apartment)
Calle Azores, 2, 35580 Playa Blanca, Las Palmas
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