Agüimes, beautiful Villa with finca

Unique house combined with a great investment income opportunity.

Unique property in a beautiful rural location, but very well located (Las Palmas 30 minutes, Airport 15 minutes, Maspalomas 25 minutes), this charming private house is located within a beautiful estate in the quiet location of Los Corralillos, near Agüimes. Enjoy wonderful views of the famous Roque Aguayro, the highest valleys of Temisas and the Barranco de las Vacas. In addition to main house, the property has two rentable units, plus the potential to create more easily a stable external block. This is one of those properties that must be seen to appreciate it. It was professionally valued at € 949,170 in July 2019.

Restored with love by the current owners, the spacious three-bedroom house of 200m2 has a new luxury kitchen, dining rooms and very spacious living rooms, and very comfortable guest rooms with bathrooms in the main house. Also a luxurious master bedroom with large dressing room and sumptuous double en suite bathroom with large corner bathtub. A back door leads to two upper terraces, large and private, that overlook the estate and offer excellent views over the valley and the magnificent mountains. The house has been rewired and equipped with attractive and modern aluminum windows and doors with wood effect.

Converted at the end of 2018, the spacious and well-lit basement has 3 bedrooms, kitchen, bathroom and living room, as well as an additional room that could be used as a bedroom. This apartment has been rented for families on vacation during the first half of the year and received a TripAdvisor Certificate of Excellence. Rental income averaged € 80 per day, but this is considered low priced. An occupancy rate of 75% would give revenue of € 21,900 at this level, and the owners believe that this can definitely be achieved based on enthusiastic comments from recent visitors, many of whom have requested a new reservation for 2020.

On the back of the property there are some outbuildings, originally used for agricultural purposes. A two-story building now has a fully equipped gym on the ground floor and a one-bedroom apartment on the upper floor, which has a double bedroom, living room and kitchen, with private bathroom. The owners believe that this small apartment can easily obtain a rental yield of about € 400 per month.

The second annex building is an old stable block of solid construction, yet to be converted. Permission has been obtained to convert this into a spacious two-bedroom apartment, which would generate higher income from tourists. The owners estimate that about € 1500-1800 per month should be attainable once converted. There is an existing bathroom, shower and laundry room. A large sports court has the potential to be a popular feature.

In front of the house, the large pool measures 12x5m and has a transparent cover installed. This coverage has the effect of raising the average water temperature throughout the year by about 8 degrees. The attractive tiled pool area includes protected sun baths, an outdoor shower and two gazebos. In the pool area there is an underground pump and machine room, whose equipment has been largely renovated over the past 3 years, and an office with air conditioning and its own bathroom.

Next to the pool area, the covered barbecue area designed by the architect is the perfect place to relax. It includes a large bar with a beer tap, stools, a pizza oven, barbecue, sink, refrigerators and storage. It is the natural meeting place and it’s ideal for private parties.

The outstanding estate consists of 11,637 m2 of land with 150 fruit trees, including olives, mangoes, oranges, tangerines, lemons, figs, pomegranates, quinces and passion fruit. The olives are processed by the olive oil plant of the local community, producing about 70 liters of extra virgin oil annually. The fruit can be sold locally. Many shrubs and flowering plants give a lot of color and attract bees and butterflies throughout the year. The owners have installed an automatic irrigation system, fed from the 280m3 water tank (which has been intelligently hidden under a private patio). There is currently a professionally qualified gardener who works 20 hours per week.

Other features include 4 cabins and more outbuildings for the farm, a run for chickens and other farm / pet animals, an area lined with artificial turf for yoga or petanque, and a covered garden plot for planting vegetables. Hidden lighting, with timer, increases automatic night lighting on the main driveway and around the house and swimming pool.

The entrance to the property is through an electric sliding door which is controlled by access codes, remote controls and intercom control from the house. Another large door gives access to the rear ravine, ideal for walking.

This property must be seen and is a real opportunity for a discerning buyer.