[UPDATE 2019] Sadly, the Mirador is currently closed and a barrier is across the bottom of the road. It is not known when, or if, it will reopen.
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On the long, windy FV-30 road from Antigua to Betancuria, just before the statues of the two kings, Ayoze and Guize, there is a turning on the left, which takes you up to Mirador de Morro Velosa. The road up to the top is good, albeit a bit narrow in a couple of places (watch the priority signs!), and leads to a car park in front of the bar.
Situated at the top of Montana Tegu, at an altitude of 669m, the views from the bar and walkways are fantastic. Although make sure you don’t go on a cloudy day as you won’t see anything! On a clear day you can see to the north edge of the island, encompassing El Cotillo and Corralejo, and to the east Caleta de Fuste. On an ultra clear day you can even see Lanzarote!
Depending when you visit, the winds around the walkway can be extremely strong, so make sure you take a cardigan or jacket.
The attractive building is situated in a beautiful, well-kept garden, all designed by Cesar Manrique, an architect from Lanzarote.
Within the building is a museum, with photos and information boards about the island. There is also a bar, and you must try their fabulous hot chocolate with lashings of cream, along with a cake!! Tables and chairs are positioned in an area in front of a huge glass window, allowing you to sit and enjoy a drink while gazing out upon the amazing panoramic views (and sheltered from the wind!)
The photos below were taken at different times, and show the difference a bit of rain can make in Fuerteventura!