R4298293 - Finca - Cortijo for sale for Eur 375000.00 in Los Balcones, Costa Blanca in Spain

R4298293 - Finca - Cortijo for sale for Eur 375000.00 in Los Balcones, Costa Blanca in Spain

When you are looking for a large house to reform according to your needs or if you want to build a brandnew villa on very large plot of 1.500 m2, this property is ideal for you. The house has 203m2 which is distributed in 5 bedrooms, 2 bathrooms, an office, a kitchen and storage room and a spacious living area. It needs a reform to make it a lovely home or it could be removed to start from scratch and build a luxury villa on a very large plot. There is plenty of space to create a beautiful garden and private swimming pool. It is located in Los Balcones in Orihuela Costa, which is a residential area and close to all facilities. There is a commercial center and supermarket at walking distance from the property. The beach of Punta Prima is at 3,5 km from the property. Apart from all the facilities this plot with villa has to offer, this property comes with an additional investment feature. On the end of the plot, there is a telephone pole, which gives a rental income of almost 15.000 EUR per year and the income is increasing over time, as it is linked to the IPC (indexation). This income can be used to recuperate your investment and / or to pay of a mortgage. It gives you a direct investment income of 4%, without any additional costs. In case you do not want the telephone pole on your plot, it can be removed giving 6 months notice before the renovation of the contract. The valuation of this property has been done merely on the plot size of 1.500 m2 in this residential area, so the house and rental income of the telephone pole is a bonus. It is a great opportunity if you are looking for a large plot of land in a residential area as well as having an investment income.