3 Bed 1 Bath Villa in Alora

Investment opportunity by Alora train station! This property offers the opportunity to acquire approx. 300m2 of prime real estate.The property enjoys a corner location with the added advantage of having access from 2 perpendicular streets offering greater flexibility for exploitation of the building. On offer is the lower conversion of a historic merchant’s house dating back to 1900.The property is currently a spacious family home but offers real potential for further development for commercial exploitation to convert for a variety of possible uses such as a restaurant, boutique hotel, art gallery or indeed for conversion into more than one unit of living accommodation. The current living accommodation extends to 174m2 and is distributed all on one level offering an entrance porch, 4 spacious public rooms which enjoy high ceilings, 3 bedrooms, kitchen and bathroom plus a very large 120m2 Andalucian patio which is ripe for development and enjoys access from the adjoining street. The property dates back to 1900. The current owners carried out substantial refurbishment during the 1990s so the property is in habitable condition although could benefit from some modernization and redistribution of the accommodation. Álora was officially recognised as being a municipality of special tourism interest in 2020 and enjoys a high volume of visitors throughout the year. Many of them come to visit the famous Caminito del Rey but there are also cultural tours related to the rich cultural heritage of Álora dating back to Phoenician times. Álora is also a commuter town of Málaga city and there is a commuter train service throughout the day to Malaga city and international airport and right along the coast as far as Fuengirola. This property offers an opportunity for a developer to invest in the many opportunities offered by this property and the special location which it enjoys.