For sale direct from the owners!
This complex of 4 Alpujarran homes would make the perfect home and business for people wanting to enjoy the relaxed lifestyle of Granada whilst keeping occupied and generating a healthy income at the same time.
The current owners are nearing retirement and have taken their foot off the pedal in recent years in terms of holiday rentals but long term rentals (minimum 90 day stays) provide a good level of income.
The location of the property is perfect for those wanting to enjoy a more traditional, inland life of rural Spain – the mountains of Granada are known for their beauty and the Alpujarras have long been a destination for tourists from around the world. Bird watching, walkers, painters, cyclists and just those that want to enjoy the nature around them will all want to stay and where better than here – self catering houses that can accommodate as many as 14 at one time.
The family home, Casa Buganvilla, is a comfortable 4 bedroom home with 2 bathrooms and 3 large, lovely terraces to enjoy the panoramic views.
There are three rental units as follows:
Casa Jazmin – 2 bedrooms, a shower room, lounge/diner and kitchen. Private pool, 2 large terraces and very secluded.
Casa Rosa – 3 bedrooms and 2 bathrooms, large private terrace and shared access to the large swimming pool
Casa Camelia – 2 bedrooms, a shower room, lounge, dining area and kitchen. Private terrace and shared access to the large swimming pool.
There is tremendous flexibility when buying this property – as an investment vehicle, the three rental units can be rented as a whole with an income of around €1.800 per month. We feel that creating a home and business is the perfect way to enjoy life in this area whilst managing the business at close quarters.
Key features of this home and business include:
♦ 4 bedroom, 2 bathroom main home and 3 separate rentals
♦ 3km to Órgiva, in the heart of the Alpujarra and with good access to the Costa Tropical
♦ Two swimming pools with amazing views
♦ Self-contained rental units with living rooms and kitchens with fridge/freezer, hob and extractor
♦ Communal laundry room and utility space with washing machine and tumble dryer
♦ Feature fireplaces and Air/Con cooling and heating
♦ Mains electric (3-phase supply) and mains water connected
♦ Good access – just a short 200m concrete track
♦ In the past, the whole property has been rented at a charge of €5,000 per month
♦ Internet via Satellite with 30Gps download speed
♦ Plenty of parking
♦ Two separate septic tanks
Gardens and outside space…
The property sits within a plot of around 3,200M2 which equates to around three quarters of an acre. The gardens are terraced and come with numerous plants and fruit trees including pomegranate, orange, lemon, figs, almonds, olives, apple and nispero. One of the terraces has been made into a garden with many flowering plants and water feature.
The rentals enjoy good outside space with panoramic views.
There is plenty of parking available for guests.
The Casa de Las Flores Business…
The sale price can include all fixtures and fittings, bed linen etc. as well as the Facebook page and e-mail. Personal items will be removed
The scarcity of long term rental availability means that the rental properties are almost always occupied and renters pay for their own gas, electric and pool chemicals.
Currently, the owners have the business set up within a UK Ltd company – this can be sold as a going concern and there are a number of benefits (tax efficient) to owning and enjoying the property as a UK Ltd company but if it is preferred, the property can be sold out of the business as it is listed as an asset.
When purchasing the property (within the UK Ltd company), you can save the usual ITP transfer tax which equates to around €55,000 and avoid the usual Notary fees etc. Naturally, there are some costs in maintaining the UK Ltd company but this is far and away, a more efficient way to own the business/property.
Location – Órgiva and the Granada region
The property is located just 5 mins drive from the village which benefits from amenities including supermarkets, shops, banks, tapas bars, restaurants, and a 24-hour emergency medical centre.
Just 35 minutes from the nearest beaches and the Costa Tropical and Motril. In the other direction, Granada, with the Alhambra Palace and airport, are just 45 to 60 mins by car. The ski resort of “Sol y Nieve” are only 90 minutes away as is Malaga Airport.
There is so much to explore in this region – the popular Lecrin Valley, the “pueblos blancos” of the Alpujarra and the impressive Sierra Nevada.