"Casa Estrella" is a spacious detached residence in Urb. Belmonte by the Norwegian school in Alfas del Pi, walking distance to the Norwegian School in Alfaz del Pi and just 5 minutes from Alfaz centre.
The spectacular accommodation consists of adetached villa on 2 floors, with a total of construction, according registry data of 536 m2 and a sunny and large plot of 1.742 m2.
The accommodation has 4 apartments, and 1 studio, there are 12 bedrooms, and 7 bathrooms in total, all with separate entrances.
The main villa has 3 bedrooms, 3 bathrooms, large living room with access to a south facing large terrace and a kitchen.
Apartment 1 and 2: Consists of 3 bedrooms, mini kitchen with living room, bathroom with toilet and shower.
Apartment 3: Consists of 2 bedrooms, kitchen with living and dining area, bathroom with toilet and shower.
Apartment 4: Bathroom, 2 bedrooms, and living room-kitchen.
Studio: 1 bedroom combined living / bedroom and open mini kitchen, bathroom with shower and toilet.
The Property has been recently renovated, and aswell as having 5 seperate independent living areas, also includes a fully equipped fitness/gym, a tv/gaming room, an exterior storage room and a carport for 2 cars. The gardens have also been recently upgraded with a fully equipped kitchen with dining area, which can be closed with glass doors. There is also a large swimming pool, The garden is partly slate covered and partly with garden shingle + some artificial gras and has palm trees and fruit trees throughout. All terraces are tiled. The property is a total of 1742 m2.
There is an installed filter system on main water supply to the property so it removes : Chlorine, Chemicals, Metals, Sediment, Pesticides, Toxins, Rust, etc. Hot water is on electric with two separate boilers.
Water under floor heating is installed throughout the whole house where heating is on gas boilers. A new gas tank has recently been installed underground in the garden, and there is new gas boiler for heating to the main floor, and one boiler for the ground floor.
The swimming pool is saltwater, with automatic control of ph, water filling and cleaning.
There is an automatic irrigation system for watering the garden.
Main villa of 210 m2.
Consisting of: entrance hall, 3 large double bedrooms, with 3 seperate bathrooms, office, Large living room / TV room, biliard room, large kitchen with dining area.
Direct access to large sunny terrace of about 70 m2, with own outdoor kitchen / barbecue area and exit to roof terrace of about 45 m2.
Living room kitchen is modernized / new in 2018.
Billiard room, main bedroom, bathroom + office is newly built in 2018/19
The main bedroom also has its own large walk in wardrobe.
Bathrooms are built according to Norwegian standards regarding wet room, with membrane on all the walls and on the floor.
Large parts of the electrical system have been replaced + earth fault switches with automatic fuses were installed in 2019.
Downlight in almost every ceiling inside.
All light bulbs have been replaced with LED bulbs.
There is mounted aircon in all bedrooms + in the living room.
Apartment 1 -- 43 m2
Combined living room mini kitchen, 3 separate bedrooms with single beds + 1 bathroom. There is mounted aircon in the living room.
Apartment 2 -- 39 m2
Combined living room mini kitchen, 3 separate bedrooms with single beds +1 bathroom. There is mounted aircon in the living room.
Apartment 3 -- 27 m2
Combined of living / sleeping / mini kitchen, + 1 bathroom. There is mounted aircon in the living room.
Apartment 4 -- 52 m2
Living room, fully equipped kitchen, dining area, 1 bedroom with single bed and 1 with double bedroom + 1 bathroom. There is mounted aircon in the living room.
Costs when fully rented:
Electricity: 350 euro a month
Water: 150 euro a month
Gas: 80 euro a month.
Gardener / poolman: 70 euro a month
Insurance housing: 50 euro a month
Internet / TV channels 70 euro a month
Property tax about 150 euro a month
Common costs urb. 10 euro a month
Total cost pr month: 930 euro
Total cost a year : 930 euro x 12 mnd: 11.160 euro.
Income at maximum rental.
Main apartment 11months x 1,500 euro 16.500 euro
Summer rental 4 weeks x 1,500 euro 6.000 euro
Fully rented apartments
10 pers x 450 euros per month x 10 months 45,000 euro
Summer rentals 8 weeks x 10 pers x 450 euros 36,000 euro
Total rental income for full rental a year EUR 103,500 euro
Fully rented apartments with full board
Income: 10 pers x 750 euro per month 7,500 euro a month x 10 mnd : 75.000 euro
Inclusive of the cost of food and drink as well.
This amounts to approximately 150 euros a month per student x 10 :1,500 euros per month x 10 month : 15.000 euro
Here it is calculated that you are a host family, and have some responsibility and prepare a meal a day for the students.
The property is approved registered for rental in the Alicante registers.
It is estimated to sell the shares in the company, which means that you save about 10.5% on top of the purchase price.
The property is sold fully furnished, but some private pictures assets and inventory will not accompany the sale.
In case of sale of the shares, a full review of the accounts / due diligence will be made.
The property is almost completely leased out as today, and leases can follow in a sale.
Takeover by agreement.
This is a unique investment opportunity to walk in and take over the current business with rental income from the students at the local Norwegian school or to rent out as holiday homes as and when you wish, or long term rentals etc. There are many business ventures for this property..... BOOK A VIEWING TODAY!
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