Versatile Investment Property with Four Apartments and Building Plot for Sale Near Moraira

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Versatile Investment Property with Four Apartments and Building Plot for Sale Near Moraira

A unique opportunity for investors and developers
This versatile property presents a rare combination of existing residential units and development potential on a generous 1,200 m² plot. The former office building has been converted into a residential complex consisting of four individual apartments, two of which have already been renovated and successfully rented out. Its location close to Moraira makes this an especially attractive investment with strong future prospects.

Four apartments in varying condition
The building comprises four apartments in total: one with three bedrooms and three with two bedrooms each. Two of the apartments have been fully refurbished and are ready for immediate rental. The other two require modernisation but offer great potential to further increase the property's return on investment.

The first renovated apartment, situated on the right side of the building, features a spacious living area with an American-style kitchen. Its generous layout and air conditioning make it both comfortable and functional. The two bedrooms include a master with en-suite bathroom and a second room, currently used as a dressing area. There is also a separate family bathroom.

The second upgraded apartment offers equal comfort and space. The living room boasts a cosy fireplace, a ceiling fan, and a practical U-shaped American kitchen. It includes two bedrooms and a sizeable bathroom that complements the overall design.

Apartments with strong renovation potential
The third apartment is currently used as an office and already has a relatively new kitchen and installed air conditioning. One of the bedrooms serves as a storage area. With some renovation, including wall repairs and reconfiguring the interior, this unit could be converted back into a comfortable living space.

The fourth apartment also offers a solid foundation. It includes a fireplace and air conditioning, with the majority of the refurbishment needed focused on replastering the walls and updating the en-suite bathroom.

Spacious plot with approved development potential
In addition to the main 1,200 m² plot, the property includes a separate 1,000 m² building plot. Planning permission has already been granted to divide it from the original site, offering an excellent opportunity for future development or resale. However, both plots are being sold together, making this an especially appealing offer for those seeking added long-term value.

The exterior also offers several practical features. A large parking area accommodates approximately ten vehicles, making the property ideal for letting to multiple families or groups. A landscaped garden is already in place, adding a pleasant outdoor atmosphere.

An excellent opportunity for strong returns and long-term value
With its combination of move-in-ready apartments, renovation projects, and development options, this property is a compelling choice for investors seeking immediate rental income alongside future growth. Its proximity to Moraira enhances its appeal for both holidaymakers and permanent residents.

If you’re interested in this unique project and its development potential, please don’t hesitate to contact VossenCasas for further information or to arrange a viewing.