Andalucia, Malaga, Caleta De Velez, Spain

Wonderful opportunity to acquire a stunning complex with huge potential, nestling in over 2 acres of land with pool, fruit trees and outbuildings, enjoying far reaching countryside views from its peaceful location in Caleta de Velez.

This fascinating property was once run as a rural tourism complex and is currently being restored by the owners. However, due to family issues, the owners now need to sell up, and pass on their potentially lucrative project on the Costa del Sol to a new owner, as it is currently.

This complex is situated very close to the A7 motorway and within 5 minutes of the coast at Caleta de Velez. It is therefore a perfect location for accommodation for anyone on holiday, equally beach and sun seekers, and explorers wishing to visit the different attractions around the area. It is also the perfect location for weddings and similar events.

The plot consists of around 9,000m2 of completely flat land, planted with many mature palm trees and a small fruit tree orchard. It is perfect for creating magical gardens for the guests to enjoy and has an 8 x 4m swimming pool with terracing around. There is a tree-lined entrance to the property leading to a very large car parking area.

It currently consists of 8 studio apartments, 2 one-bed apartments with kitchen/living area, 1 two-bed apartment and 1 two/three bed house. All of these buildings need completing, but the structural work is good and most of the insides have been prepared for finishing in the style required by the new owners.

The sizes of these apartments vary. The average size of the studio apartment is 7 x 3.5m plus bathrooms 3.5 x 2m, and the two/three bedroom house is on two floors, with an arched covered terrace (9 x 1.5m) to the front, measuring around 80m2.

The other buildings consist of a garage and laundry room (32m2 in total), facing a very large walled courtyard, and opposite, on the other side is a row of three further rooms (10 x 3m in total). This whole area could be a recreation area, perhaps with a gym and a sauna, in addition to the laundry, and maybe a children's nursery or play area in the converted garage area.

There is also a large industrial kitchen building, facing a beautiful terrace area with mature trees for natural shade, the perfect location for an open air restaurant. Next to this area is plenty of space for a large wedding or celebration tent. Near the swimming pool is another, open wooden building that would make the perfect cocktail bar, perhaps with a tropical-style thatched roof and banana plants around it, again with plenty of space for tables and chairs outside.

The property has mains electricity and its own well water, with the fascinating, ancient well still accessible via some steps leading underground, providing a good supply of water. The owners also are currently in the process of requesting mains water.

This is the perfect project for anyone wishing to invest in what could be an extremely beautiful and lucrative business on the Costa del Sol.

REFERENCE: 237894