Build m2: 580
Plot m2: 3120

Overview

EXCELLENT INVESTMENT PROJECT IN PRIME COASTAL LOCATION ON A 3,120m2 FULLY FENCED PLOT WITH A BUILD SIZE OF 580m2 ACROSS 3 FLOORS COMPETITION SIZE TENNIS COURT WITH COVERED VIEWING STAND AND OLYMPIC SIZE SWIMMING POOL ALL REQUIRING RESTORATION.  Located in the sought after Quatro Plumas area of the popular coastal town of Puerto de Mazarrón.  We are pleased to offer this excellent investment project, built in 1990 as an entertainment, sports and leisure facility and also offering living accommodation.  Until recently it was operated as a Discotheque, Restaurant/Cafeteria but can also be used for Private Care Home, Private Medical Centre/Clinic, Educational Facility or Gymnasium/Sports Facility.  We estimate the new owner would be required to invest a further 250,000 – 350,000 Euros on restoration and remedial works, plus whatever installation costs would be required depending on the preferred usage.  This is not a small project but once fully operational could achieve a value of around 850,000 Euros to 1.2 Million Euros.  We are currently exploring with the local authorities whether the land could be used to develop Apartments or convert to a Hotel.  This is a very rare development/investment opportunity and is ideal for a small investment consortium or individual with vision and aspiration.  We would be delighted to discuss further details with any interested parties.  Currently the property comprises of the main building across 2 floors and a basement, a private swimming pool measuring 25m x 12.5m and sports area/tennis court with ample covered elevated seating area for spectators.  There are many many more features to this project, too numerous to mention.

Details

  • Property ID:
    Fare497
  • Price:
    229,000
  • Build:
    580 m2
  • Plot:
    3120 m2
  • Property Status:

Amenities

  • Parking - Off Road
  • Pool - Private
  • Solarium
  • Sports/Play Facilities