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Very Large Cortijo/Country House - Iznajar €750,000


Current Price: €750,000
New Price:
Rate data provided daily by European Central Bank
2146
9
7
654 M2
6,000 M2
CEE
En Trámite
This is a very large, and uniquely private, traditional cortijo of some 650 m2, built around an enclosed cobbled courtyard, which is entered via ancient wooden doors. It was renovated over a two year period by the present owners.
2146
9
7
654 M2
6,000 M2
CEE
En Trámite

This is a very large, and uniquely private, traditional cortijo of some 650 m2, built around an enclosed cobbled courtyard, which is entered via ancient wooden doors. It was renovated over a two year period by the present owners .

Very tastefully renovated with massive amounts of space and yet another wing to convert into further accommodation. Set on a hill above a tranquil valley in 8.000 m2 of olive groves, this wonderful property enjoys truly spectacular views and works equally well as a family home or as a rural tourism business.

There are two elements to the cortijo: the original farmhouse and a new wing created by the conversion of a former barn.

The accommodation in the farmhouse currently consists of fully equipped and very large kitchen/diner, 2 living rooms, one of which is over 40 m2, dining room, 7 bedrooms and 5 bathrooms (3 of them en suite). There are two balconies and many shady spaces in the garden and on the terraces.

The spacious new wing offers a bright, modern living space and comprises fully equipped kitchen, exceptionally spacious  56 m2 open-plan living room with giant wood burning stove, 3 bedrooms and 2 bathrooms.

The southernmost wing of the property is, as yet, undeveloped being used for storage and boilers etc. This wing, which enjoys views over the valley below, offers the possibility to create, perhaps, 4 more bedrooms on its two floors.

Outside, located a short distance from the farmhouse, there is a large 17m by 7m gated swimming pool with superb views over the valley to the Sierras beyond. The pool terrace is equipped with both toilet and shower. Access is via a part asphalted, part hard earth track approximately 1.5 ams long, which ends at the property.

Services

Mains water is connected and the property has two wells, one of which is drinking quality water, the other is suitable for irrigation. Three-phase electricity is connected and there is also solar power, both for electricity generation and for domestic hot water. The telephone is connected, there is excellent mobile coverage and broadband internet is available.

Location

The nearest village is 5 mins drive or 20 mins walk away. The whitewashed hilltop town of Iznajar with its lake can be reached in under 20 mins. The principal cities of Granada and Malaga, with their airports, are 70 mins away. Commercial Possibilities The property has been let in the summer months, since 2004, and enjoys an almost 100% occupancy, generating, on average, €40.000 - €60.000 p.a. If it were let for the whole year, and assuming a realistic occupancy rate, the potential income would likely exceed this. With a small further investment in converting the south wing into accommodation, this could be increased still further. The property would also make an ideal rural boutique hotel with, perhaps, 10 - 12 en suite bedrooms, subject to planning permissions.


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The details listed above are believed to be correct but are offered merely as a guide and do not form part of any future contract. Junta de Andalucia, Decreto 218/2005, updated on 2 May 2006. The agency has available to the consumer an Abbreviated Information Document for this property. The price advertised excludes agency commission, transfer tax (I.T.P.) and the fees of notary and registry. Together these constitute approximately 12% - 13%. Please remember to take account of this when budgeting.

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