PLOT FOR SALE IN CASARABONELA - INVESTMENT POSSIBILITY TO BUILD A HOTEL IN ANDALUSIA
DIRECT FROM OWNER: massive price reduction to only 180.000 FROM 380.000 EUR and possibility of paying only a part and subrogate to the existing mortgage. This building plot of 26.112 m2 is a fantastic opportunity to buy property in Andalusia for a B&B (bed & breakfast) business or rural hotel. It is South-West orientated and offers outstanding panoramic views over a valley towards the villages of Coin, Alhaurin El Grande and into the very green mountains behind the white washed, typically Andalusian charming village of Casarabonela, only 60 minutes´ drive in the mountains straight behind Marbella and 45 minutes´ drive from Malaga. Commented and guided video tour over the plot under the following link: http://youtu.be/wzIbL4ZrTwg
I have developed a project for a rural hotel, in which it was foreseen to build 566 m2, including 100 m2 interior open courtyard, giving access to 9 bedrooms and 8 bathrooms, lounge-dining area with bar and open fire place for the clients, plus 2 guest toilets, all arranged around a very nice, typically Andalusian courtyard, all on one level and wheel chair friendly, to offer families to pass their holidays in the South of Spain, getting to know the real Andalucia life style.
This project was declared of "Interés Social" (social interest) to the village, the use of the rural plot for the construction of a hotel was allowed by the Andalusian Government in Malaga and building license was granted. As I could not carry out the construction myself I am now searching for somebody who wants to use this great opportunity to invest in Spanish property. The building license needs to be re-applied for, which can be done easily at the Town Hall, or a new license for a different hotel project can be granted. A new building project could even have up to 2.600 m2 built size approximately, as the more than 26.000 m2 of land can be built with 10 % (on maximum two storeys). I am more than happy to provide any interested investor who wants to buy property in South of Spain with detailed information issued by the Town Hall of Casarabonela regarding the paperwork, building rules and procedure in order to obtain the building license again for the existing project (whose plans I am happy to include into the price) or for a completely new design. The most important point about this cheap Spanish property for sale is that although this finca land is qualified as "rustic, agricultural land", where normally no house could be built, the possibility of "using" this land for a hotel construction is there. Therefore, this property investment is one of the best you might get in Andalusia and it only needs an initial investment of ONLY 80.000 EUR. The remaining mortgage of 80.000 EUR could be subrogated to, subject to status.
INVEST IN SPANISH PROPERTY: Casarabonela is a very beautiful, typical Andalusian white village with many old Arabic and Roman features from its past that it has kept and enchants any visitor. It is stuck to the mountain, like Mijas, for example, and even has views towards the sea of Malaga at the end of its valley, where you can also see the lights of Malaga at night. In addition the village and its surroundings belong to the "Reserva de la Biosfera Sierra de las Nieves", a Biosphere Reserve declared by the UNESCO, due to its special nature (e.g. eagles, wild mountain goats, etc.), flora and fauna. It is situated in the centre of Málaga Province: 45 min. drive to Málaga, 60 min. to Marbella, 50 min. to Ronda and 50 min. to Antequera and only 30 min. drive to the Ardales/El Chorro Lakes, therefore offering many destinations nearby for tourists to explore, which is of great advantage when you want to offer guided tours and activities for future hotel guests during their holidays in Andalucia.
The finca plot itself is extremely well located, as it is only 10 minutes´ walk to the village, offering the opportunity that guests would not even have to take a car to be able to enjoy the village and its bars and restaurants. The plot has sun all day, as it is open to the East, South and West, with the North in its back, sheltering it this way from any North wind that could sometimes appear in the winter. All sort of fruit trees grow perfectly fine in this area, as it never snows or freezes. The access to this finca is over tarmacked roads and only a very short part of it has been carried out in concrete, so no dirt tracks have to be used. The location of the plot can be seen very easily from all over the valley, making the access for visitors and guests even easier.
The land has an own electricity post already established and the Town Hall has agreed to connect town water, as the project was declared as "initiative for local employment". The town water runs directly in front of the entrance of the plot and can be connected very easily.
The total finca consists of two plots. The first plot has a completely flat area of approximately 5.000 m2 that has already been levelled more than 12 years ago and is therefore extremely solid. My intention was to build the main part of the hotel on this flat area, on one level, having wheel chair access this way to all rooms and the main garden. In the middle upper part of the first plot you have several areas that are quite even and when going a bit further up, near to the oak and pine trees, a culturally protected "era" is located, where the corn was dried by the sun in past times. It still exists and forms an unbeatable viewpoint, where I had planned to use a mobile glass pavilion to enjoy the extraordinary 360 degrees views, give classes of all sorts, use it for meditation, etc. Beneath the protected Spanish oak trees stones have been used to create a flat area where to sit below them, enjoying the overwhelming views towards the village and the wide valleys in front of you, as far as to Coin and the back of the mountains of Marbella, or Alhaurin El Grande and the mountains behind it.
The second part of the finca, directly next to the first one, offers many naturally flat areas already at the bottom, but also in the middle and upper area, with beautiful views to the village and its mountain chain "Sierra Prieta" right from the bottom of this finca to its very top. On this land a specific place has already been signposted and registered with the Andalusian Hydraulic Department (Agencia Andaluza de Aguas), in order to be able to dig a well there for watering the garden, for example. Casarabonela is very rich of water, as there is a huge water reserve below its mountain and there are actually 5 water factories in the village. The many water fountains of the village run all day long offering you a sip of this fresh and natural water.
As you will be able to see on the pictures and on the video http://youtu.be/wzIbL4ZrTwg the land has many old olive trees in production, pine trees, protected Spanish oak trees, several fig trees, a pomegranate apple tree and several almond trees.
SPANISH PROPERTY FOR SALE: The property, together with the old project, all documents achieved, etc. can be bought now at an incredibly reduced price of only 160.000 EUR, which equals to a price per m2 land of 6,12 EUR. The best way to do so is by acquiring the shares of the existing S.L. (limited liability) company "La Sonrisa de Andalucia, S.L.". This company was already established in 1998. The purchaser could go on developing the land with the same documents, under the same name, which has been especially chosen and reserved for this hotel promotion purpose: "La Sonrisa de Andalucía = The smile of Andalusia".
If you have been thinking of buying an investment property in Spain, build your own hotel or B&B, running your own business, his is your golden opportunity as this plot for sale in South Spain is very unique.