Wyndham Residences Golf del Sur
Asset Issuer
InvestBay
Asset Platform
InvestBay
Asset Name
Wyndham Residences Golf del Sur
Asset Class
Real Estate
Asset Type
Commercial Real Estate
Asset Abbreviation
WRGS
Asset Fraction Price
€100
Asset Fraction Yield
8.69%
Asset Fraction Maturity
5 years
Min. Investment Size
€100
Asset Fraction Sale End Date
November 26, 2024
Category
Description
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 meters 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%.
Features
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.
Wyndham Residences Golf del Sur is a low-rise, family-oriented resort spread over the ground and first floors. The entire wooded resort includes approximately 133 units accommodating up to 676 guests. Units include studios, one and two bedroom apartments as well as two and three bedroom villas.
The resort offers extensive amenities that you would normally expect from a quality hotel:
- Two seasonally heated swimming pools (including a children's pool).
- Gardens, terraces, bar, restaurant and play areas
- Mini-market, shop, kids club and multilingual reception
- Complimentary toiletries, WiFi and air conditioning throughout the resort
Suite 13D
Unit 13D is a south-facing one-bedroom apartment located in D Block with garden views. It is centrally located in the resort, close to the main reception and pool area. The 38.09 m² apartment includes a separate bedroom, bathroom and an open plan living room with kitchen and dining area, plus a 15.8 m² outdoor terrace.