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Discover the charm of this private flat, nestled within the idyllic complex of Resort Terrazas Costa del Sol in Manilva, offering a spacious living area of 94m2. This inviting property features two comfortable bedrooms and two well-appointed bathrooms, making it perfect for families or those seeking a peaceful retreat. The large living room, seamlessly integrated with a modern kitchen, creates an ideal space for entertaining or relaxing after a day in the sun. Step outside to the terrace, where you can enjoy direct access to a small garden, a rare feature for ground-floor apartments, all while basking in stunning sea views that stretch to the horizon.
This property is not just a home; it's a versatile investment opportunity. It can be purchased for private enjoyment, as a holiday rental, or by taking over the existing contract with the renowned holiday company, Pierre & Vacances. This contract guarantees a remarkable profitability of 5%, providing peace of mind for savvy investors. Currently, the flat generates a fixed annual income of approximately 8,247€, offering a solid return on investment. The lease is valid until October 31, 2030, with options for renewal that can extend for another 5 or 10 years, giving you flexibility for future planning.
The complex is beautifully designed, featuring extensive communal areas that boast breathtaking views of the sea, the historic Strait of Gibraltar, and even the distant peaks of the African Mountains. Its tranquil atmosphere makes it an ideal haven, surrounded by majestic mountains yet just a short 5-minute drive to the beach. Enjoy the best of both worlds – a peaceful retreat with easy access to vibrant coastal life.
One significant advantage of this property is the absence of community fees, as all utilities such as electricity, water, and internet are covered by Pierre & Vacances. As the owner, your only responsibility is the annual IBI tax. You can also enjoy the property for 60 days each year outside the high season from June to October, allowing you to relish in the beauty of the Costa del Sol whenever you desire. With excellent communications and a serene setting, this flat is perfect for both personal enjoyment and investment potential.
