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Description

An excellent investment opportunity in the sought-after El Faro area of Mijas Costa. This detached villa has been thoughtfully divided into three independent properties, offering immediate rental income together with excellent future flexibility. Only 5 minutes walking to the beautiful beaches.

The ground floor comprises two self-contained one-bedroom apartments, each with its own living room, kitchen, bathroom and private garden. One apartment is currently vacant, providing immediate occupancy or rental potential, while the second is tenanted until 29 October 2029, generating established rental income. Renovation would lead to a much higher ROI on the rentals.

The upper floor offers a spacious two-bedroom apartment, with the potential to create a third bedroom if required, currently used as an open office space. This accommodation includes a generous living area, separate kitchen, two bathrooms, a private roof terrace and direct access to the garden. The upstairs apartment is currently let until October 2028, although the possibility of negotiating an earlier surrender of the tenancy can be discussed. The property also benefits from access to the communities shared pool.

Set on a private plot of approximately 461m², the property offers exceptional versatility. It is ideal for investors seeking multiple income streams, buyers looking to live in one property while renting the others, or multi-generational families requiring independent ‌living ‌accommodation. ‌Located ‌just ‌minutes from the ‌beach, ‌amenities and ‌transport ‌links, ‌this is ‌a ‌rare ‌opportunity to acquire ‌a property with ‌both ‌immediate ‌income ‌and ‌significant ‌long-term ‌potential.

Features

Air Conditioning
Condition: Fair
Covered Terrace
Double Glazing
Guest Apartment
Near Transport
Private Terrace
WiFi
Fully Furnished
Garden: Communal
Garden: Private
Kitchen: Fully Fitted
Orientation: South
Orientation: West
Parking: Open
Parking: Street
Pool: Communal
Close To Golf
Close To Sea
Close To Shops
Suburban
Garden Views
Sea Views

Zona

Dynamic Map

REF# R5447089

Detached Villa 4 Bedrooms 4 Bathrooms in El Faro

El Faro

Beds :

4

Baths :

4

Built :

175 m2

Plot :

461 m2
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499.000 €
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Testimonials

Funda güner

We would like to thank Rishi and Zeynep from Luxsol Estates for not only helping us find a house with the features we were looking for in our search for a house in Malaga, Spain, but also for preparing all the necessary documents and notary procedures since we do not speak the language. Thanks to you, we live in peace and happiness in our house. Thank you again.

Voshmgir Daryoush

When I was searching online from Vienna for a modern apartment in Cota del Sol, I came across many real estate agents. I have written them in much detail as possible about what I am looking for and in which areas of Costa del Sol. I really noticed one of the real estate agents who replyed my questions very fast and in great detail quickly. This company was, Luxsol Estate SL managed by Mr. Rishi Kishumal. I had about 50 apartments on my list. He even came to Vienna in September 2020 to discussed some of the projects with me in very detail. During our 10-day stay in October 2020 in Fuengirola and viewing many projects that the agent showed to us my wife and I finally decided for a luxurious apartment in La Cala de Mijas. In the meantime, we have acquired another 2 apartments with his help as investment properties in the surrounding area. I also recomanded him to some family members and friend of us who also invested in 4 further apartments by his help. In the meantime we have become very good friends with each other and we recommend his company and services to any investor who wants to buy a property in the Costa del Sol region in Spain.

Azar V

We have purchased our flat in Costa del Sol through Luxol Estates SL. We are very satisfied with their services. This is a team of professionals who listens and understands their customer’s needs. Mr. Rishi, the C.E.O of the company, has many years of experience in this field, therefore he knows very well the market. On the other hand he is constantly available and ready to help. I highly recommend this company to anyone who is looking for any types of property in this region.

Natalie Ahluwalia

Rishi has been excellent from day one when he presented to us. He helped us find a ‘new build’ holiday home which is perfect for the family. Thank you very much.

Fuengirola

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