Description

Grupo Ibercosta is proud to present a truly unique real estate proposition located in the heart of the Costa del Sol. Situated in the tranquil and highly sought-after urbanization of El Faro de Calaburras, this traditional-style detached villa offers far more than a standard residential home. It has been strategically designed and divided into three independent living spaces, making it an ideal acquisition for savvy investors looking for immediate rental yield and long-term capital appreciation in Southern Spain.

The property stands as a testament to classic Andalusian architecture, blending spacious interiors with the functional requirements of modern multi-unit living. Whether you are looking to continue the current successful rental model or envision a future renovation project to restore it to a grand single-family estate, this villa provides the flexibility and location necessary to secure a high-performing asset in the Mijas Costa region.

Detailed Property Layout and Versatile Living Spaces

One of the most defining characteristics of this villa is its clever distribution across two main floors. Each of the three units possesses its own private entrance, ensuring privacy and autonomy for all occupants. This architectural choice is particularly beneficial for the high-demand rental market in the area, allowing for multiple income streams from a single plot.

The Upper Level: Spacious Two-Bedroom Residence

The primary entry level features a generous two-bedroom, two-bathroom apartment. This unit is designed with an open-concept philosophy, featuring a large lounge and dining area that flows seamlessly into a well-appointed kitchen. A standout feature of this level is the dedicated study/office space, catering to the growing trend of remote work. From this floor, exterior steps lead to a magnificent roof terrace, providing a private sanctuary to enjoy the Mediterranean sun. Additionally, a metal spiral staircase offers direct access from the upper balcony down to the lush garden area, connecting the different zones of the property with ease.

The Lower Level: Two Independent Guest Apartments

The ground floor is split into two distinct wings. On one side, accessible via the garden, is a comfortable one-bedroom apartment complete with a lounge, a compact kitchen, and a full bathroom. This unit benefits from a private, gated, and covered terrace, offering a shaded outdoor space for relaxation. On the opposite side of the villa, separated by a secure fence to ensure total privacy, lies the third unit. This one-bedroom apartment mirrors the functionality of the others, featuring its own independent lounge, kitchen, and bathroom facilities. This separation of outdoor spaces is a key selling point for long-term tenants who value their own private garden area.

Unbeatable Location in Mijas Costa, Southern Spain

Location is the cornerstone of any successful real estate investment, and this property delivers in every regard. Nestled in a quiet cul-de-sac in El Faro, the villa offers a peaceful retreat while remaining mere minutes away from the vibrant pulse of the coast. For those who enjoy the beach lifestyle, the Mediterranean shoreline is just a 5-minute walk away. Local bus stops are equally accessible, providing easy public transport links for residents and guests alike.

For a wider variety of amenities, the villa is perfectly positioned between two of the coast’s most popular destinations. A short 15-minute drive takes you to the bustling commercial centers and sandy beaches of Fuengirola, or the charming, gastronomy-focused village of La Cala de Mijas. Being in Mijas Costa means enjoying over 300 days of sunshine a year, proximity to world-class golf courses, and the convenience of being only 25 minutes away from Malaga International Airport. This proximity makes it a highly desirable location for international residents and holidaymakers.

Investment Potential and Financial Viability

This property is currently operating as a high-performance investment vehicle. Two of the units are presently occupied by legal, long-term tenants with approximately three years remaining on their residential rental contracts. This provides an immediate and stable income for the new owner from day one. Currently, the villa generates a Return on Investment (ROI) of approximately 5% per annum, a figure that is highly competitive for the residential market in Southern Spain.

Beyond the current rental income, the villa is priced competitively to reflect the long-term potential for redevelopment. The generous plot size and the established nature of the El Faro community mean that any future modernization or structural changes could significantly increase the property's market value. Residents also enjoy access to a well-maintained community pool, located just a three-minute walk from the front door, which is open during the summer months and serves as a major draw for tenants.

In summary, Grupo Ibercosta presents this villa as a rare opportunity to acquire a multi-unit property in a prime coastal location. With its combination of immediate rental returns, strategic positioning in Mijas Costa, and the inherent charm of traditional Spanish architecture, it is an investment that promises both stability and growth. Contact our team today to arrange a viewing and explore the possibilities of this El Faro gem.