Property Details

El Olivar Rural Guest House - Vélez Rubio

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Property ID : 1901

For Sale €439,000.00 - Finca/Country House
1073 m² 15 Bedrooms 14 Bathrooms 1 Garage  Add to Favorites Print

This detached and fully restored traditional cortijo, of more than 1000m² build size, is situated in a beautiful country setting near to the market town of Velez Rubio with priveleged views over the surrounding countryside.

It has been sympathetically converted into an apartment complex – 5 large two-bedroom apartments, all en-suite, and owner’s accommodation. There is also the potential to convert these apartments into 11 one-bedroom en-suite apartments with no structural changes required (there are certified plans available for such a conversion which have the approval of the Tourist Office).

The 5 Holiday Apartments, all have separate access, including a 2-bedroom Bungalow within the grounds.

The Apartments sleep 24 people, not including the owner’s accommodation which sleeps four people. The tourist board allows a sofa-bed per apartment which could increase the total capacity to 34 people.

The Owner’s Apartment comprises:
Lounge – 3.7m x 3.35m with a Juliette balcony
Kitchen/Diner – 4m x 3.5m
Bedroom 1 – 3.27m x 2.76m plus an en-suite
Plus additional upper floor space of 4.50m x 20.0m (which allows for 2 further bedrooms, a family bathroom and further space 4.0m x 3.30m for use as study/office. Large Studio Apartment 4.50m x 6.20m plus en-suite 2m x 3m).

Each of the units has been finished to a high standard and the sale includes furniture and fittings and white goods.

The property stands in approx. 3000m2 of land with a variety of fruit trees, almonds, grapes, olives, shrubs etc. Within the plot can be found: Boiler Room, Garage, ample terracing, 12m x 4m swimming pool, bread oven and barbeque, 2 large courtyards with further terracing and a private terraced area for each of the apartments.

The low-maintenance gravelled areas also include a mini-golf course, boules area and a car park area for approximately 15 cars, with further parking areas for additional cars if required.

The current owners are selling in order to enjoy their retirement.

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