Retail buy in Manilva Andalusia

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. Highlights Reference R4599946 Price: €850,000 Location: La Duquesa Area: Malaga Property Type: Hotel Bedrooms: 14 Bathrooms: 16 Plot Size: 588 m2 Living Area: 783 m2 Terrace: 249 m2 Community Fees: €0 / monthly Basura Tax: €0 / annually IBI Fees: €2,885 / annually