FOR SALE: 250 YEAR-OLD SPANISH PROPERTY
CONVERTED TO APART-HOTEL WITH 6 VERY LARGE APARTMENTS PLUS DETACHED BUNGALOW BUILT MAY 14
With a gross yield of between £280,000 to £360,000) expected within approximately 3 years. An excellent business opportunity and investment property.
This charming 250 year old property with spectacular mountain views, nestled within a tranquil setting is steeped in history, full of character with original beamed ceilings, original features and a quirky layout. Six apartments totalling 42 rooms, including 12 en-suites, sleeps 32 persons plus 2-bedroom detached owner’s bungalow. The complex has a 3.5 metre wall surrounding the patio, communal 12x4m swimming pool and large terracing affording complete privacy. The property is on level ground and has direct road access.
Each apartment has been completed to a high standard, all newly rewired, satellite TV, WIFI with private terraces. Two apartments have oil-fired central heating. Low maintenance gardens, minigolf course and boules pitch. The sale includes all furnishings and white goods.
Ideally suited for other potential sources of income e.g. pool bar, longer term letting, options for the corporate sector, team building weeks etc.
Situated a few minutes drive from the town of Velez Rubio, the property is within 5 minutes of the motorway and has easy access to Costa Blanca and Costa Almeria beaches.
Local amenities include schools, banks, shops, supermarkets, a large modern medical centre, numerous bars and restaurants, gymnasium/health club and weekly local market. Within the local area are historic buildings, caves, aquapark, and the Baza Lakes. The village of Maria, the Sierra María-Los Veléz Natural Park conservation area, and the historic town of Velez Blanco with its impressive castle are close by. Puerto Lumbreras is a 15 minute drive, the large town of Lorca or the Costa Blanca resort of Aguilas are within 35 minutes. Great days out to Granada, where you can explore the Alhambra, a multitude of historic buildings and museums or visit the ancient hill-top town of Mojacar. Airports: Alicante 1hr 40mins, Almeria 1hr 15mins, Murcia 1hr.
Recent valuation £680,000. Owners prepared to delay completion if necessary and initiate two top-end promotional websites to new owner’s specification. Visit website for full information and photos or contact direct.