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This exceptional property spans an expansive 4,300m plot near Mijas Golf, offering endless opportunities for investors or families seeking a large estate with rental or B&B potential
Mijas, Malaga, Spain
REF: 892284
€950,000
Description
This exceptional property spans an expansive 4,300m plot near Mijas Golf, offering endless opportunities for investors or families seeking a large estate with rental or B&B potential. Located just minutes from restaurants, bars, a sports club, schools, and prestigious golf courses, the vibrant town of Fuengirola is a 10-minute drive away, with La Cala de Mijas and Málaga Airport reachable in just 25 minutes. Three Independent Residences and Commercial Space The property features three independent houses and an on-site bar and restaurant (currently operating as a peña), generating immediate rental income. There are also stables, adding to the investment potential. House 1: A charming 2-bedroom, 1-bathroom home attached to the peña bar and restaurant, ideal for business owners. It includes a private patio and a restaurant with a large outdoor terrace for al fresco dining. House 2: A cozy 1-bedroom, 1-bathroom home with its own garden and parking, perfect for guests or rental. Both houses have private driveways, ensuring independence. Main House: Spacious Living Across Three Floors The main house is spread over three levels, featuring two entrances for privacy. Main Level: Enter into a spacious living area with a cozy fireplace, a fully fitted kitchen, a master bedroom suite, a guest toilet, and a generous terrace with panoramic garden views. Upper Level: This floor includes two bedrooms, one bathroom, and a large landing suitable for a home office. A wrap-around terrace offers stunning views of the gardens and mountains. Lower Level: The ground floor has a large garage, direct access to beautifully landscaped gardens, a private pool, a barbecue area, and a second bar for entertaining. Ideal for Investment or B&B With its multiple independent living spaces and income-generating peña, this property is a prime investment opportunity. Whether you want to run a successful bed and breakfast, rent out the additional houses, or enjoy a spacious family home with privacy for guests, this estate offers immense versatility.
This exceptional property spans an expansive 4,300m plot near Mijas Golf, offering endless opportunities for investors or families seeking a large estate with rental or B&B potential. Located just minutes from restaurants, bars, a sports club, schools, and prestigious golf courses, the vibrant town of Fuengirola is a 10-minute drive away, with La Cala de Mijas and Málaga Airport reachable in just 25 minutes. Three Independent Residences and Commercial Space The property features three independent houses and an on-site bar and restaurant (currently operating as a peña), generating immediate rental income. There are also stables, adding to the investment potential. House 1: A charming 2-bedroom, 1-bathroom home attached to the peña bar and restaurant, ideal for business owners. It includes a private patio and a restaurant with a large outdoor terrace for al fresco dining. House 2: A cozy 1-bedroom, 1-bathroom home with its own garden and parking, perfect for guests or rental. Both houses have private driveways, ensuring independence. Main House: Spacious Living Across Three Floors The main house is spread over three levels, featuring two entrances for privacy. Main Level: Enter into a spacious living area with a cozy fireplace, a fully fitted kitchen, a master bedroom suite, a guest toilet, and a generous terrace with panoramic garden views. Upper Level: This floor includes two bedrooms, one bathroom, and a large landing suitable for a home office. A wrap-around terrace offers stunning views of the gardens and mountains. Lower Level: The ground floor has a large garage, direct access to beautifully landscaped gardens, a private pool, a barbecue area, and a second bar for entertaining. Ideal for Investment or B&B With its multiple independent living spaces and income-generating peña, this property is a prime investment opportunity. Whether you want to run a successful bed and breakfast, rent out the additional houses, or enjoy a spacious family home with privacy for guests, this estate offers immense versatility.
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Currency Exchange
Mijas, Malaga, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €950,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €950,000 | £782,705 | £816,478 | £33,773 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £782,705 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,773 |
Mijas, Malaga, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €950,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €950,000 | £782,705 | £816,478 | £33,773 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £782,705 |
| Maximum cost in the last six months | £816,478 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £33,773 |
The exchange rate on the day you make an offer on your property in Spain will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £33,773 more.
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