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REF: INT44 Estimated Value: €735,000

Spain - Cactus Azul Rural Guest House, Restaurant and Bar

Would like to swap for a property in France

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Location

Country: SPAIN
City: Cuevas del Almanzora

Property Type

House detached

Property Summary

Converted from a donkey farm in 2002 this small rural Guest House has on its ground floor a commercial kitchen, restaurant seating 40+, well fitted bar, toilet facilities and 3 en-suite letting rooms. There are several outside terraces and a pool shared with the adjoining owner (English). Upstairs the owner's accommodation comprises a lounge, kitchen, 3 en suite double bedrooms and a large sun terrace. On the 2000 sq.m. of land the local council has indicated that it is ready to accept a planning application for 7 x 3 storey town houses. The property therefore lends itself to purchase by a family who wish to run a guest house business, but with perhaps family members in the building industry? A quality local builder is also available to act as a main or subcontractor applying for all licences etc. The property is currently rented out due to the owner's thrombophlebitis in 2006. There is a transferable mortgage of approx 250,000 euros on the property and the owners are looking to downsize anywhere in France with cash-adjustment in their favour. Every assistance will be given to prospective purchasers.

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