Income Producing 12 bedroom Villa for sale in La Romana, Valencia

1,250,000 EUR 1,075,000 GBP 1,350,000 USD

Reference: 244170

Bedrooms: 12
Bathrooms: 10
Floor Size: 1,399 m2
Plot Size: 2.38 hectares / 5.89 acres

Features

Parking
Good Condition
Balcony
Garden
Land
Private Pool
Gym
Multiple Dwellings
Possible Extra Dwellings
Outbuildings
Potential for Income
Existing Tourism Licence
Mountain View
Quiet Area

Details

Unique opportunity to acquire a successful business with tourist licence, comprising of a stunning 4 bedroom villa and 3 cottages,nestling in nearly 6 acres of glorious land with beautiful gardens and expansive pool, enjoying panoramic mountain views from its rural location in La Romana.

Set within olive and almond groves, with the breathtaking Algayat mountain range as a backdrop, is this superb property just a 45 minute drive to the city of Alicante, a 7 minute drive from the local village with all its amenities and only 40 minutes to El Altet international airport.

Although this impeccably presented country property, full of character and charm, is within easy reach of the coast (45 minutes), it is surrounded by an array of nature trails, woodland and is near the Sierra de Algayat national park where the beauty of the landscape can be enjoyed away from the hustle and bustle of the coast.

This traditional Spanish country estate has been lovingly restored and converted to a very high standard, into specialist family focused holiday accommodation business. In every corner there is the perfect blend of charming Spanish architecture and decor which have been carefully preserved in unison with the modern requirements of families with young children.

Access to the finca style development is via a country road which leads to an automated gate which in turn opens up to a magnificent courtyard and parking area. The property boasts 3 rental cottages (2 with 3 bedrooms and 1 with 2 bedrooms), the owners living quarters which is a 4 bedroom residence, a 16 x 8m bodega,
14 x 10m gym, and office/massage room and storage block.

There is a 16m salt water swimming pool with separate toddler pool, poolside WC, large external commercial playground, communal recreation room, soft play room, commercial kitchen with storeroom, pool side bar, petanque / boule pitch and shuffleboard court.

The estate is currently run as a successful holiday rental company with a tourist license and all documentation in order. The business caters for the family market allowing for a price premium and generating solid earnings with great reviews across social media and search engines and an impressive forward order book.

Targeting this market has led to historical occupancy rates of over 90% and peak periods to be fully booked up to two years in advance. Another advantage of this niche market is the customer return rate which for 2023 stands at over 65%.

Customers continue to return year after year as their children grow from young babies into early teens as the facilities continue to satisfy their needs.

With the existing outbuildings and associated land, there is also huge potential for expansion of the existing business through further accommodation and/or additional target markets outside of the family/toddler niche.

A truly unique, prime piece of real estate in its own right and a highly successful, ongoing business. Ideal for a family wishing to move to Spain to take over/expand an existing business with a guaranteed income or a large family or group looking for multiple accommodation, or for someone just looking for a substantial, charming finca in impeccable condition.

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Spain Property Buying Guide

1. Putting down a Holding Deposit

On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.

2. Setting up a Pre-agreement (Contrato privado de compraventa)

The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.

3. The Contract (Escritura de compraventa)

Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.