Freehold Apartment Hotel & Restaurant With Accommodation Alora For Sale

Business description

This large cortijo-style property is situated in Alora, a beautiful Spanish market town about 40kms inland from Malaga, and offers a total of 8 Studio Apartments with en suite bathrooms, a large Restaurant and Bar, and a luxury Penthouse Apartment for the owner’s occupation. The Property is just completing a total refurbishment including new electrical wiring, plumbing and drainage and is fully fitted and furnished in a modern style with lots of ‘bling’. It offers a great business opportunity for one or more families and is in an excellent position, with the advantage of direct trains to Malaga close by. The building is over 700 square metres in area - approximately 34m x 7m - and enjoys stunning views over the town and surrounding countryside. The Ground Floor consists of a fully fitted Bar and Restaurant, commercial kitchen, dry store, walk-in fridge, walk-in freezer, 2 toilets (one with disabled facilities), air conditioning, 3-phase electricity, external sun canopies and ample parking, with the option to rent a 120 square metre area for outdoor bar/restaurant terrace. The First Floor consists of 8 private Studio Apartments with individual door access onto a communal walkway. Each studio has a bathroom with shower facility. Terminated drain and water connections have been provided for the addition of kitchens (if required). All studios have views to front and rear, ceiling fans, individual electric circuits, and are furnished and ready for use. There is an outdoor terrace (26 sq metres) with barbeque for studio tenants’ use. The Top Floor consists of a one bedroom Penthouse Apartment with 360 degree views,lounge with mini bar, open plan kitchen, bathroom with sunken bath & shower, private access to 100 sq metre roof terrace with barbeque, 7 seat Jacuzzi, outside toilet & utility room. Conservatively valued well above 1.2 million euros, the owner is now inviting firm offers over 875.000 euros (about £650,000 sterling). Viewing can be arranged through Diamond Commercials and we can assist with mortgage facilities if required. If you have a residential property to sell in Spain or Southern England value up to 300.000 euros, the owner may consider taking it in part exchange.

Property information

Real Estate:

Real Property Included

Living accommodation:

Penthouse beautiful apartment

Location:

Beautiful location - perfect for an aparthotel & Restaurant.

Other information

Competition / Market:

None

Financing available:

Mortgage would be available for the freehold