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Reference: R4599946

€850,000

Hospitality

La Duquesa, Costa del Sol, Málaga, Spain

resize 783 m²
resize 588 m²

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Property Description

OPEN TO SERIOUS OFFERS! Interesting investment property only 3 minutes walk from the beach and 5 minutes to Marina De La Duquesa. The current owner started the renovations in january 2022 and wanted to make a 3* luxury boutique hotel of this, once, famous place. Unfortunately he passed away recently and his inheritors decided to sell the place as it is. There is a building license in place. The architect made an estimation of around € 300.000,- of the costs involved to finish the project.
When the project is finished it will be a hotel with 12 rooms, with ensuite bathroom, 4 with their private terrace.
There will be a indoor breakfast area, breakfast kitchen, outdoor terrace, bar, elevator and several communal toilets. On the topfloor, also accesable with the elevator, is a penthouse with 2 bedrooms and 2 bathrooms, possible to rent out or as a managers-place.
The inheritors are willing to listen to reasonable offers. Note that the hotel was valuated in 2022, before the renovation started, for € 937.000,-
All reports, documents, floorplans etc in place! Videotour available on request.

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Property Features

  • Lift
  • Not Furnished Furniture
  • Investment
  • Beachside
  • Not Fitted Kitchen
  • Pre Installed A/C Climate Control
  • Street Parking
  • With Planning Permission
  • Beachfront
  • Port
  • Renovation Required Condition
  • Restoration Required Condition