Villa for sale in Mijas Costa, Mijas, Málaga

El Faro de Calaburras: Investment Opportunity. This is a spacious traditional style two-floor detached villa which has been cleverly divided into three separate properties, each with its own entrance. On the upper entry level, there is a two bedroom/two bathroom apartment with a spacious lounge-diner and open kitchen area, a study/office, and exterior steps reaching a lovely roof terrace. From this apartment, on the outside, there is a metal spiral staircase which reaches one side of the garden. On this side of the garden, and on the lower floor of the villa, we find a one bedroom apartment, lounge, bathroom, small kitchen, and a private gated covered terrace. On the other side of the garden (private, separated, and fenced), we have a further one bedroom apartment with lounge, kitchen, bedroom, and bathroom.

This villa is second line from the cul-de-sac street, and is reached by approx. 20 steps down. Presently, the upper apartment and one of the lower apartments are occupied with long-term tenants with approximately 3 years remaining on residential rental contracts. ROI approx. 5% per annum. The community pool is available for use during the summer and can be reached in 3 minutes walk.

Located in the well-established area of El Faro, beaches and bus stops can be reached in 5 minutes walking. The bustling commercial centres and beaches of Fuengirola and La Cala de Mijas are less than 15 minutes drive away, making location most definitely a highlight of this property. The long-term investment opportunity to develop this property makes it an interesting proposition and it has been competitively priced for this reason.