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803064 - Investment for sale La Cala, Mijas, Málaga, Spain

REF: 803064       Price: 

1,495,000 €

Property Description

FREEHOLD - UNIQUE INVESTMENT OPPORTUNITY, CENTER OF LA CALA

Nothing else like it in La Cala De Mijas town, an investors dream with huge potential ROI

Currently three commercial units, 4 double bed apartment on first floor, further apartment 2nd floor and ability to add additional floor.

Corner property right in center of town, 200m from beach. Ground floor currently consists of three mixed use commercial units, each with their own access.

Private pedestrian access to first floor apartment currently made up of 9 rooms and configured as 4 double bedrooms, bathroom, two kitchens, lounge, storeroom and covered terrace.

Access to second floor currently set up as a three bedroom apartment. This floor has the ability to double in size as it does not fill the original footprint.

Now for the interesting part - architects plans in place to create underground parking, conversion of existing layout and addition of 4th floor. Flexibility to create 12 - 14 separate apartments with underground parking spaces, an aparthotel or keep existing commercial units and reduce number of apartments

Features

  • Close to all Amenities
  • Investment Property
  • Lift
  • Private Terrace
  • Renovation Needed
  • Underground parking
  • Walking distance to beach

Location

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