Freehold Investment property with good percentage returns.
Located Alhaurin Town Centre, Malaga Province.
Property is divided into 2 parts both income generating.
The Ground floor is a Bar Cafeteria, currently trading as a British style Bar with which has a Good turnover on food sales..
Tenants already generating a good annual income for the investor..
The property can be available either with the existing tenants generating an income or with vacant possession.
The upper floor is a 3 bedroom apartment which could be returned to a 4 bedroom as it was previously.
The property currently has tenants. it is available with the rent generating tenants or with vacant possession.
The same tenants currently have the bar and the apartment occupied.
The apartment consists of 2 floors with access by stairway from the street level.
It consists of a large reception room landing/dining area .
off this is a large living room with log burner fire
off this is a balcony and a terrace area.
also off the landing area is 2 double bedrooms, with balcony off it.
A passage way leads to an open dining area, this was formally a 4 th bedroom and could easily be re-instated as this.
A fitted kitchen family bathroom and the 3rd single bedroom is also off the passage way.
To the rear a stair way leads upto the next level.
this has a fully enclosed store room and a large enclosed terrace area with laundry facilities.
To the front is a good sized roooftop sunterrace.
It may be possible to get local planning permission to develope the 3 rd level into further accomodation.
The apartment would rent out easily in its current condition. it could however be developed in a number of ways to improve the percentage returns.
The upper floors could be subdivided an developed into smaller holiday units, generating a good short term holiday rental income.
Alternatively it could be fully modernised with the third floor developed to generate a much higher level of income in the long term market.
Interested Principles should contact us for further financial information, this will be supplied with pleasure to registred interested parties.
Further information will be made available at the time of viewing by the Vendors.
Please note that this sale is not from the tenants of the bar or rental apartment tenants.
We request that no contact for information is made to the tenants.
All information will be given direct from us and the vendors on viewing days
contact us today for your appointment.
Setting
Town
Close To Shops
Close To Schools
Condition
Good
Climate Control
Air Conditioning
Fireplace
Views
Mountain
Urban
Features
Covered Terrace
Near Transport
Storage Room
Private Terrace
Utility Room
Bar
Barbeque
wifi
Kitchen
Partially Fitted
Security
Entry Phone
Alarm System
Parking
Street
Utilities
Electricity
Drinkable Water
Telephone
Category
Investment
Furniture
Not Furnished
Community Fees:
Basura Tax:
IBI Fees:
Property Highlights
Ref No
M275294
Price
€375,000
Location
Alhaurín el Grande
Area
Málaga
Property Type
Commercial
Bedrooms
3
Bathrooms
0
Plot Size
0 m2
Living Area
312 m2
Terrace
50 m2
More Information
