Wyndham Residences Golf del Sur Tenerife

Wyndham Residences Golf del Sur is an established family-run resort on the south coast of Tenerife, just 10 minutes' drive from Tenerife Sur Airport and about 600 metres from the coast. The south coast is the island's main tourist destination, known for its long natural beaches and breathtaking views of the Atlantic Ocean and Mount Teide.

The resort comprises approximately 133 units, of which about 100 are owned and managed by the Idiliq Group. Guests enjoy extensive facilities such as 24-hour reception, swimming pools, games areas, bar, mini-market and restaurant. The resort has an "Outstanding" rating on Tripadvisor and has won the Travelers' Choice Awards 2024.

The subject property is a 38m² apartment with one bedroom, bathroom, living room and kitchen, plus a 15.8m² terrace. It is ideal for couples and small families. The property will be renovated within 12 months of completion of purchase (expected November 2024) and upgraded to "premium" level. It will be equipped with modern standards including TV and WIFI.

The property will be managed by Idiliq Group under a 10-year contract with Wyndham Hotels & Resorts. Strong cash flow is expected with an annual occupancy rate of 86% and an average daily rate of EUR 128 after the planned refurbishment.

Annual rental growth is forecast at 6.5% and capital value growth at 10.7%. The property is expected to generate an annual net income of approximately EUR 11,530 on an initial investment of approximately EUR 262,888, representing a net return on investment (IRR) of 8.69%.

The Canary Islands archipelago, located off the coast of North Africa, forms an autonomous region of Spain, comprising two provinces: Santa Cruz de Tenerife (Tenerife, La Palma, La Gomera, El Hierro) and Las Palmas (Gran Canaria, Fuerteventura and Lanzarote). The Canary Islands are a popular international holiday destination all year round.

The Wyndham Residences Golf del Sur is located on the south coast of Tenerife, a major destination for international tourists. The area is known for its long natural beaches and breathtaking views of the Atlantic Ocean and Mount Teide. Combined with fishing villages, golf courses and lively resorts, it offers something for every visitor. Most of these tourist attractions are located close to the resort.

Nearby attractions include:

• Well known golf courses “Amarilla Golf” and “Golf del Sur” - 3 and 5 minutes drive respectively
• Natural beaches of El Medano and La Tejita - 10 minute drive 
• The attractive fishing village of Los Abrigos - 10 minute drive 
• Lively resorts, Los Cristianos and Playa de las Americas as well as family-friendly Costa Adeje and the Siam Park (aquapark) - 20 min drive.