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House for sale in Mazarron, Spain

229 000€

Mazarrón

Features

  • Equipment
  • Swimming-pool

Property description

This property is an excellent investment opportunity located in the sought after Quatro Plumas area of Puerto de Mazarrón. Situated on a 3,120m2 fully fenced plot, this property offers a build size of 580m2 across 3 floors. The competition size tennis court with covered viewing stand and Olympic size swimming pool are perfect for restoration and would make a great addition to any entertainment, sports, or leisure facility. Although the property requires some restoration, the potential value is estimated to be around 850,000 Euros to 1.2 Million Euros once fully operational. Additional investment of 250,000 – 350,000 Euros may be required for restoration and remedial works, as well as installation costs depending on the preferred usage. There is potential to develop apartments or convert the property into a hotel, pending approval from local authorities. This rare development/investment opportunity is ideal for a small investment consortium or individual with vision and aspiration. The property currently includes the main building across 2 floors and a basement, a private 25m x 12.5m swimming pool, and a sports area/tennis court with covered seating areas. Overall, this property has great potential for a variety of uses and offers a unique opportunity for a savvy investor.

Location

Date added: 08.09.2024

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