This real estate auction refers to a basement located in LG El Morro or Chayofa S/N, 38652 - Arona (S.C. de Tenerife). The basement is intended to be a sports area within a complex of buildings under construction that will be called Aparthotel Chayofa Phase I, located in El Morro or Chayofa, in Chayofa de Los Cristianos, term of Arona. This basement is distributed in a gymnasium, squash courts, changing rooms and toilets for ladies and gentlemen, occupying an area of three hundred and eleven meters with four square decimeters, including the ventilation patios. It is bordered by a basement destined to garages or property number one on the right entering, to the left and to the bottom, with the ground subsoil. The auction procedure implies that this basement, along with other real estate assets, will be auctioned through a process organized by a Spanish government agency. Those interested in participating in the auction must comply with the established requirements, present the requested guarantees and follow the detailed procedures to be able to bid for the acquisition of the property. The auction shall be conducted in accordance with the regulations and conditions established by the responsible governmental entity, and the highest bidder shall be the one who awards the property after all the required requirements and formalities have been met.
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