Bed and Breakfast opportunity for sale in Torremolinos

Sold – please use the database above to look for alternatives

Bed and breakfast opportunity in Torremolinos (Montemar, Carihuela Beach). Do you want to earn an income just 5 minutes from the beach? Then please continue reading as this detached villa needs a bit of an explanation – and a creative mind. We’ll start with the good news. This very large villa is located in Montemar, just a 5 minute walk from Carihuela beach and a 15 minute walk from the train station (to Malaga and the airport) and the popular Puerto Marina of Benalmadena Costa. Spot on for a successful bed and breakfast: extremely easy to reach and steps from the beach. And there’s more good news. This property consists of a large apartment upstairs with a living room, 3 spacious bedrooms, a kitchen and a bathroom. You could live there yourself. Downstairs offers 5 self-contained studios, all with their own front door, bathroom and kitchen. One apartment even has a separate bedroom. In the current state and without much promotion the studios and the apartment generate an income of about 29,000 euros per year. This can easily be higher if the studios and apartment are renovated. Because now for the somewhat not so good news; this property could do with an update. The structure is fine, the house just doesn’t look very appealing at the moment. A lick of paint and some modern furniture would already make a huge difference. New bathrooms and kitchens (for the upstairs apartment as well) would turn this property into a true money-maker. And the upside is, you can do the work one apartment at the time. Maybe you want to offer the upstairs apartment as a rental as well? Maybe you want to convert the four studios into three 1 bedroom apartments? Add a jacuzzi, a nice barbecue area, a bar, some bougainvilleas and other colourful plants and you have an investment in your hands that you can make a lot of money with. Did we already mention that you would be doing all this only 5 minutes from the beach? Come have a look and decide if you have the vision, the entrepreneurship and the creativity this property deserves. With an asking price of just € 396,000 for a 301 m2 size villa this property is bound to sell quickly.

Details of the bed and breakfast opportunity in Torremolinos

• Location: Torremolinos (Montemar, close to Carihuela Beach and the busy marina of Benalmadena Costa)
• Property type: detached villa with 8 bedrooms and 7 bathrooms
• Size: 301 m2 (villa) and 460 m2 (plot)
• Status: sold
• Features: garage, airconditioning, 4 self-contained studios, a self-contained 1 bedroom apartment and a self-contained 3 bedroom apartment
• Reference number: MP1083

 

You can click the pictures above to enlarge them. If you have any questions about this bed and breakfast opportunity in Torremolinos don´t hesitate to contact us. Fill in the form below and we´ll be glad to answer your questions or arrange a viewing. You can of course also call or e-mail us.