Asking Price €695,000 -FREEHOLD – PRICE REDUCED FROM OVER A MILLION EUROS!
Fabulous Location Within a Golf Resort
Potential to Construct Apart-Hotel or Commercial Units Subject to Planning
Rental Income from 3 Units 23,000E per Year
New Airport opening 20 Minutes Drive Away.
We are proud to offer for sale a large commercial unit, the only freehold in a fabulous golf resort with the new Covera airport 25 minutes away! A forever changing and growing freehold property with the potential for more!
This fully operational business and sports complex is being sold completely to include:
Café-bar with restaurant area and fully equipped and working kitchen which is rented out.
Inside seating 60 and outside terrace areas with covered/shaded central courtyard, ideal for the summer heat.
Fully operational Functions Suite complete with bar area and stage. Currently utilised for private and public events and entertainment.
Children’s play area complete with swings and slide and soft flooring.
Four commercial units included currently set up as a launderette, a gymnasium and an office generate additional income.
Tennis courts (2, for hire)
Paddle Courts (6, for hire)
Basketball and 5-a-side football court (for hire).
The business has been successfully run for many years as a café-bar and restaurant with entertainment events and venues. The full dining area is complemented by a sunny front terrace and seating in the central courtyard.
The hiring of the sports courts and the commercial units also generate year-round additional income from this commercial business opportunity.
This large commercial unit offers an exciting investment opportunity due to the range of facilities included in the FREEHOLD sale, which includes a year-round business with a variety of income-generating opportunities.
The complex is situated in the heart of a large residential development, and the location contributes to it being a popular choice for residents, resort visitors and holidaymakers. With its range of onsite facilities including sports courts, a café-bar, a restaurant, and commercial units, it is no overstatement to say that opportunity is a key part of this large golf resort. Construction of new luxury apartments on the resort is going to begin in October. They will be within walking distance of the complex.
The resort offers 24-hour front gate security at the entrance to the large residential area containing 21 communal pools and gardens. Alongside the fabulous 18-hole golf course designed by Jack Nicklaus is an onsite commercial area offering a range of services, and the development is located just a 20-minute drive from the Mediterranean coast and the Bay of Mazarrón.
Currently, there are 3200 properties on the resort and it is still in the process of growing with more luxury front line golf apartments being built and selling well.
The business is yielding an 8% return on investment.
About Alhama de Murcia
Alhama lies in the Valley of the river Guadalentín at the foot of the Espuña and La Muela ranges. Defence towers, ruined town walls, renaissance-style palaces, and mansions of the former nobility are all part of the legacy of the valleys varied history. To the Romans and Moors this town meant the thermal springs flowing off the mountain. This is, in fact, what gives the town its name, Al-hama, meaning hot springs in Arabic. There are also the ruins of the older Roman baths that demonstrate the great age of the utilisation of the springs in the area. It was the Roman baths established in the 1st century AD that were further developed and used into the Islamic period. On the rocky outcrop overlooking the town stands a 12th-century Arab castle around which the town eventually grew. A walk through the town reveals a surprisingly rich range of colours used in the façades of the houses; red, ochres, violets and blues all add to the pleasantness of a stroll through the town. Walking and cycling enthusiasts will find the gateway to Sierra Espuña in Alhama. In addition to hill walking and climbing, the park offers other points of interest such as the 16th- and 17th -century snow cellars.