EUR 675,000 freehold
About this property
Farm House on a plot of land of 10,109M,ten thousand one hundred nine meters in the countryside but in the centre of the tourist towns of Vera, Garrucha and Mojacar, (1.5 km from Vera and approximately 4 km from Garrucha).
In future the planned construction of the AVE station, would be located approximately 500 metres from the farm.
The farm is closed with a wall of stone work; it contains 67 adult palm trees, 28 adult olive trees, 2 areas of pine trees, fig trees and a grove.
This vegetation serves as the restaurant’s terraces with a unique atmosphere and freshness.
On the farm there are the following buildings:
1st) Two-storey house, the first floor consists of a master bedroom of 38 m2 with bathroom and Jacuzzi, library/office, living room of 48 m2 with fireplace, hallway of 17 m2, bedroom with bathroom and kitchen with two pantries.
The second floor consists of four bedrooms and three bathrooms, with a terrace of 75 m2.
Total built and habitable area of 355 m 2 approx.
2nd) One storey house, located approx 50 meters from the main house, with two bedrooms and two bathrooms, living room with fireplace, kitchen, dressing room and terrace of 30 m2. Total built area 120 m 2.
3rd) Warehouse of about approx 180 metres. that has industrial Electric and water. This is separate from the other constructions and has independant entrance.
4th) Restaurant of recent construction is separated from the first house by an Andalusian patio with well, two bathrooms and cellar, the first floor of the restaurant includes two living rooms, two bathrooms and kitchen. Furniture, machinery and barbecue are included. This floor has approx 200 m2 habitable space.
The other floor is a basement intended as a warehouse, cold rooms and with direct access to the unloading of trucks for supply to the restaurant, it has an area of approx 150 m2.
5th) Semi-finished pool (pump is missing), around the pool there is a cistern for irrigation water of 145 m2.
6th) Garage workshop for two cars. (approx 40 metres)
Building: Large House . . . . . . . . 355 m 2
Small House . . . . . 120 ”
Warehouse… . . . . . . . . . . . . . 180 ”
Restaurant. . . . . . . . 350 ”
Garage . . . . . . . . . . . 40 ”
TOTAL . . . . . . . . . . . 1,045
The real valuation has been made of 750,000€. However, motivated by my old age, an offer of up to 675,000 euros is admitted.
The return on investment is interesting since the small house is rented for 450€, the warehouse rented for 320€ and the restaurant is rented for 1300€. Total monthly income of 2,070 euros, 24,840 euros per year, represents 3.8% per year of the investment and the large house that can be inhabited or made a rural hotel