For Sale 695.000€ - Commercial
This rare and high quality rural tourism business nestles into its own olive grove in complete seclusion, yet is accessed via a quality tarmac road and only 5.5km/6mins from Iznajar village and lake. The property is of the highest specification.
The views are far reaching and stunning – panoramic vistas of the countryside, mountain ranges and the highest point of Iznajar village can be enjoyed from the rooms, terraces, garden and land.
The property has been custom designed for high end rural tourism with a ‘superior’ licence (Casa Rural Superior) for receiving paying guests and the serving of food and drink (currently, the only holiday accommodation in the area with this classification). On top of this, the business has an opening licence from the town hall and health and safety certificate.
The business is highly acclaimed, having won prestigious awards such as: Winner of the Trip Advisors Traveller’s Choice award for 2013 and Trip Advisors Certificate of Excellence.The business was also voted in the top 25 B&Bs in Andalucia.
There is a superb pool in the shape of a guitar which is fully automated for the maintenance of water levels (filled from a licenced water well) and the administration of chemicals as required. The pool can also be heated.
On the land, is a beautiful and very high quality Mongolian Yurt, currently used for pampering treatments. However, it would also make the most wonderful and intimate place to have a wedding ceremony. The Yurt could also be used as an additional bedroom.
The property is split into two separate units:
Ground floor – holiday accommodation (can be let as one large self-catering unit or for B & B). The property has been previously run as a highly successful B & B but more recently has been thriving as an equally successful 4 bed, 5 bath self-catering holiday apartment, plus terraces, gardens, pool, yurt and olive grove. Couples, families or groups of discerning guests book the entire ground floor of the property at a cost of €1800 per week.
Celebrities and paralympians can often be found enjoying a well-earned holiday here in comfort, seclusion and privacy with easy reach by car or taxi to wonderful restaurants, including Casa Piolas in Algarinejo – tipped to soon have a Michelin Star!
First floor – owner’s accommodation (with independent side access): A self-contained 2 bedroom, 2 bathroom apartment with private outside space (large first floor terrace with incredible panoramic views).
High specification construction: Every detail has been considered in the finish and specification of the property for the comfort of guests and the owners throughout the year – underfloor heating, the latest insulation technology, double glazing and each wet room/bathroom has disabled facilities. The house has an A rating for Energy.
Income generated from holiday letting the ground floor: The 4 bedroom, 5 bathroom holiday rental unit plus the Yurt is charged out at €2,030 (£1595) per week between April and October (closed Nov to March). On average, 28 weeks are booked out of the 31 week season (a season chosen by the current owners). This generates an income of approximately €56,840 on holiday lettings. In addition to this, the current owners rent out the bar and living/dining room plus terrace for functions during the winter months, all quoted for individually depending on requirements and these can be very lucrative.
Potential for further income: The high specification of the property allows for year round guests to be welcomed and the full Tourism business licence allows for food and drink to be served and gastronomy holidays to be accommodated. There is good potential for a range of events. Equally, the first floor owner’s apartment could be let alongside the ground floor accommodation.
Staffing: Currently, the owners employ a superb Property Manager. She could be retained on a ‘self-employed’ basis should the new owners require her services.
There are 90 olive trees that produce an income. Currently a neighbour is contracted to collect the harvest, prune the trees, and maintain the land in return for 15ltrs of oil and fire wood. This arrangement can continue or be cancelled.
Villages, towns and cities nearby include: Iznajar village and lake (6 mins) with everything needed for everyday living. Algarinejo (15 mins) with a restaurant tipped to soon have a Michelin Star. Preigo de Cordoba (15 mins) with a sophisticated cafe culture. The city of Cordoba (30mins) with world famous attractions.
Malaga airport (approx. 60 mins) with a huge selection of budget airlines flying in and out of this busy airport many times per day.
This incredible property and business has all the licences and permits in place to allow new owners to maximise business if they choose or continue to run the business as it is with the Property Manager doing all the hard work. It is being sold ‘as seen’ and ‘ready to go.’ There is an existing website and well established marketing in place that can be taken over
equally, reservations have already been taken for 2016.
Everything has been done for you, all you need to do, is turn up and trade.
- Setting: Close To Town
- Orientation: South
- Condition: Excellent
- Pool: Private
- Climate Control: Air Conditioning
- Views: Mountain
- Features: Covered Terrace
- Furniture: Fully Furnished
- Kitchen: Fully Fitted
- Garden: Private
- Parking: Private
- Utilities: Electricity
- Plot size: 20000
- Property ID: R2447339
- Status: Available
- Last updated: 2016-07-30 04:17:32