|
Discover a remarkable investment opportunity in the highly desirable El Faro area of Mijas Costa. This detached villa has been expertly divided into three independent properties, allowing for immediate rental income and providing exceptional future flexibility for any buyer. Just a short five-minute walk away, you can find stunning beaches, making this location not only attractive for potential tenants but also for your own enjoyment.
The ground floor features two self-contained one-bedroom apartments, each boasting its own cozy living room, fully equipped kitchen, bathroom, and a private garden. One of these charming apartments is currently vacant, offering you the chance for immediate occupancy or rental potential. The second apartment is tenanted until 29 October 2029, ensuring a steady stream of established rental income. With some renovations, you could significantly increase the return on investment for both units, enhancing their appeal in this competitive rental market.
On the upper floor, you will find a spacious two-bedroom apartment, which has the potential to be converted into a three-bedroom unit if needed, as it currently includes an open office space that can be repurposed. This well-appointed accommodation features a generous living area, a separate kitchen, and two bathrooms. Additionally, it boasts a private roof terrace where you can unwind while enjoying lovely views, along with direct access to the garden below. This upstairs apartment is also currently let until October 2028, with the possibility of negotiating an earlier surrender of the tenancy, providing flexibility for the next owner. Furthermore, residents can take advantage of the community's shared pool, perfect for relaxation on warm sunny days.
Set on a private plot of approximately 461m², the property presents exceptional versatility, catering to a range of lifestyles. It is ideal for investors seeking multiple income streams, buyers looking to reside in one unit while renting out the others, or even multi-generational families in need of independent living spaces. With its prime location just minutes away from the beach, a variety of amenities, and convenient transport links, this is a rare opportunity to acquire a property that not only promises immediate income but also offers significant long-term potential. Don’t miss out on this fantastic chance to invest in a thriving coastal community!
