Land with Ruin for sale in Algarrobo

Building with Residential use in the City Council Street with huge roof top view on the mountain.
174m2 for business (free time activities)
294m2 for living
With a swimming Pool on the Roof Top with its distressfull view, it is Ideal for a Very High Standing Hotel Restaurant as a Youth Hostel.

Composed of 3 floors with several offices in each of them, and an accessory door opening onto Cobertizo Street, measuring approximately fourteen meters in front and sixteen in length. Essential work. Remove ruins and build.
It is right in the street of the City Council.
It is THE only remainting opportunity in this village situated at only 3.5km from the beach.

This was the village's first leisure center in the 1950s.
Abandoned since.
Before people played cards, slot machines, there was a bar, rooms.
Algarrobo is a village with very high development potential.
All accommodations are full in summer.
There is more demand than supply for accommodation.
Algarrobo is only 30 minutes from Malaga airport, 20 minutes from Malaga East, 10 from Nerja and 5 from Torrox Costa.

It is also possible to buy the same attached land which also offers 15 meters of frontage on the main street of the village, the street where the Town Hall and the police are located.
As well as the 3-level house which has already been completely renovated.
So it would be possible to put a swimming pool, open a hotel, a restaurant or an incredible property in the city center.

The owner asks 150,000 for everything, that is to say a small guest house and the facade, with all the land behind.
There are 2 cadastral references.

A unique investment opportunity in the Costa del Sol.

Features

Purchase expenses

Our expenses calculator will provide an estimate of all costs involved in buying a house in Spain. Use these figures as a guideline only: the actual figures will vary according to the property's location and the bank you choose, among other factors. To the total, you must add your mortgage payments, and comisión de apertura if your bank charges it.