Fed up with the weather where you are ? Got the ‘winter blues’ ? If you’re looking for an income generating project in the sun or are planning a move to southern Spain, then this may fit the bill.
Highlights
- 4 properties proving 30+ bedrooms and 5/6 units
- Pool, Tennis Courts, Stables, Car Park
- Still has Business use on entire estate
- Closet neighbours 1.5km
- 1740sq.mtrs of property
- 10 Hectares of land
- €1.2 to €1.7 million profit margins
- Fully legal and Escritura correct
- €680,000 with private/seller finance options
Rarely available - An entire Spanish estate available for sale - this property will appeal to Investors, Entrepreneurs, Developers, Business Acquisitions, people looking for a high return on investment and families looking for quiet, private and grand living. I’ve put together an income stream opportunities, financial pathways and private payment options pack which I’m happy to email to interested, serious potential purchasers. Simply drop me a message and I’ll email the info - no obligation.
Lifestyle Property: The property is a tranquil, sprawling estate consisting of 1740 sq.mtrs of living space (footprint) with 10 hectares of land set in a stunning valley surrounded by mountains and incredible views. The Estate provides versatile accomodation currently arranged as 4 separate houses but divided into 7/8 rental/asset sales with long & short term income options, encompassing approx. 30 bedrooms all set around a private courtyard.
Dating back to the 1900’s the Estate was a magnificent family home owned by a local wealthy land owner. The property was sold and unfortunately neglected by the previous owners then left empty for almost 10 years until we purchased it and set to work restoring this incredible property. There is still a lot of work to do but we now have one fully restored 5 bed property which is ready to move into/rent out, Estate plumbing, water, electricity, manageable gardens and a blank canvas for the remaining properties on the Estate to restore for either business, income streams, multi family living or just you.
‘The Cottage’ (House 1) has been completely renovated and provides comfortable family living: 5 bedrooms, fully fitted shaker style kitchen diner, lounge, bathroom, walk in larder, utility room office/dining room, wifi, A/C, uPVC Georgian bar tilt & turn windows all powered by a 7.2kw solar system with brand new unused diesel generator.
House 2: is the original estate house with high beamed ceilings, original fireplace, original floor tiles, beautiful balcony with stunning views - the property requires refurbishment.
House 3: has at some point been split into a 1st floor 2/3 bed apartment with the ground floor having the opportunity to provide the same or, it could be returned to a 4/5 bed house. Requires renovation.
House 4: is a 3 storey, enormous property with amazing staircase, ground floor ‘dance hall’ - easily converted to provide 2 x 4 bed self contained apartments with an already self contained 1/2 bed apartment - the space on the ground floor could be converted to space for yoga/spa/beauty/gym. Requires investment.
The estate provides seclusion and privacy with no near neighbours. Zero light pollution provides beautiful star strewn night skies, we have direct access to stunning mountain walks, hacking trails, cycling etc.
The Estate has incredible potential and can be adapted for a multitude of uses such as:
- A grand family home and/or farm (current use)
- Split to maximize rental and profit income
- Luxury spa/yoga retreat
- Boutique hotel
- Agri-tourism/farming
- Sporting facility including equestrian interests
- Golf driving range
- Wedding venue
- Rehabilitation Centre
Summary Of The Estate
- 40,000sq.mts of 108,000sq.mts, fenced at 2 mts high - 2 sets of double gates and a single personal gate
- 10 box plus tack room stable block
- Swimming pool (needs some work)
- Tennis court
- Own Water reservoir
- 6 Certified Rights to Water
- Animal barn and feeders
- Car park for 10 - 15 vehicles
- Central courtyard
- 3 x underground water storage systems equipped with pumps and plumbed for use
- 3 chamber septic tank
- Cepsa commercial gas tank
- Legalised and Cadastral correct
What’S Included In The Price
- Stand alone larder fridge
- Ride on lawnmower
- Stand alone larder freezer
- Garland Wood Chipper
- Chest Freezer
- Motorised Wheel Barrow
- American Fridge/Freezer
- Gas Combi Boiler
- 5 Ring Gas Range Cooker
- Salt Filtration System
- Dishwasher
- 5 Submmersible Pumps
- Washing Machine
- Hyundai 5.5k a diesel generator
- Tumble Dryer
- 20 ground mounted solar panels (455w and 415w), 6 Li-on 3kw & 3.5kw batteries with a 7.2 kw inverter
~ Other chattels such as sofas, TVs, furniture etc. Can be purchased by negotiation.
~ Also available: 2012 Jaguar Xj 5.0l Lwb Supercharged V8 Gulf spec on Spanish plates ready to drive, will be included in the full purchase price.
LOCATION
Just 15 minutes from the lovely Spanish market town of Yecla which has a major hospital, Doctors, Dentists, Supermarkets, shops, restaurants etc. And 7 minutes from the bustling, mainly expat town of Pinoso which has everything for daily living.
Major supermarket - 20 minutes
Alicante Airport - 50 minutes
Murcia Airport - 1 hr 15 min
High speed train to Madrid and Alicante - 20 minutes
Beach - 1 hr
Note: The property had been empty for over 10 years and whilst an enormous amount of work has been carried out to provide ‘move in’ conditions, the remaining 3 properties do require investment. Calculations for a 4/5 year project plan of circa. €450K investment along with purchase price and purchase costs, are on target to generate between €1.2 and €1.7 million profit from audited figures - all detailed in the financials pack.
Visa Info:
Investor Visa or Golden Visa as it’s more popularly known. This property qualifies for such
- Invest a minimum of €500.000 in Spanish Real Estate (mortgage free). This programme focuses on promoting property investment.
- The residence permit will be for 1 year if it is requested from abroad and for 2 years if it is requested in Spain. Once this period has elapsed, the beneficiary may apply for the renewal of the Visa which, once obtained, will result in a further 5 years of residence permit.
- The Golden Visa also allows you to obtain permits for your spouse or person in an analogous relationship, as well as for minors under 18 years of age who are dependants. Permits may also be requested for those over 18 years of age who are still economically dependent on the applicant and who do not have their own family unit. If the applicant’s parents are dependent on him/her, they may also be included.
Non Lucrative Visa
- With the Non-Lucrative Visa for Spain you will be able to stay in Spain long-term and move between the different countries in the Schengen area. You can also bring family members with you once granted a Spanish Non-Lucrative Visa.
- You may find the Non-Lucrative Visa for Spain suits your lifestyle if you have the required amount of funds and do not plan to carry out professional activity. The visa can also be an attractive option for people who want to retire in the country.
- The Spanish Non-Lucrative Visa is a passive income visa, which means that you must be able to show that you can support yourself during your stay in Spain. In addition, the Non-Lucrative Visa allows holders to study while in the country.
- In addition, beneficiaries of income-producing investments, people with endowment, pension, or annuity and those with savings to live on can apply for a Spanish Non-Lucrative Residence Visa.
As with any plans to invest or move overseas please ensure you carry out your own full due diligence and consult a professional to clarify and apply for your chosen visa.
Did You Know:
1. You pay zero Capital Gains Tax on the profits following the sale of a property in Spain if you own and reside in the property for 3+ years and reinvest the profit into another property within the Eu
2. If you are aged 65 or over when you sell the property, have ‘lived’ in the property for 3+ years and are a tax resident, you are exempt from paying Capital Gains Tax and are not required to reinvest the profits.
3. Non-Residents can enjoy a capital gains tax exemption provided that they are legally living in any other Eu country that has a tax agreement with Spain. If that condition holds, they will be able to also enjoy the main home exemption.
Please seek financial clarification and tax planning before buying or selling a property.
Happy to answer any questions you may have.
We respectfully request only serious enquiries - no dreamers, time wasters or ‘weekend viewers’
Thanks for your interest.
Main characteristics
1740 m² surface area (18729 sqFt)
Solar heating
Terrace
Fireplace
No overlooking neighbours
10.8 hectares of land (26.69 acres)
structure/exterior for part renovation
3 balconies
Cupboards
Facing South
30 bedrooms
Swimming pool
15 parking spaces
Air conditioning
Equipped kitchen
Photos See all the photos
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Price 680,000 €
Price / sq metre: €/m² 390.80
other currency
Reference:
1140013
Location
This property is near Yecla, in Murcia (region Murcia).
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Site registered with CNIL with reference N° 1051448.
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