A traditional renovated Cortijo comprising farmhouse apartments and three detached cottages offers massive rental potential in a beautiful rural area of Almeria province where rural tourism is reviving the local economy.
This extensive terraced property over two acres of ancient terracing in the hills near the white washed village of Lubrin is entered through an impressive gateway which stands beside an old threshing circle.
From inside the main entrance is a paved approach to the upper ground floor of the Cortijo with a plunge pool, converted from the original embalsa ( water reservoir) and an integrated pergola with facilities for “al fresco” dining with the heat of the summer sun cooled by the prevailing sea breeze ( the Levante).
The traditional farmhouse has been divided into two self-contained one-bedroom apartments on the lower floor and a two-bedroom apartment with beautiful farmhouse kitchen on the upper floor (where the owners currently live).
Each of the smaller apartments have their own entrance and two terraces, one east-facing to welcome the sun with a morning cup of coffee and the other providing the perfect spot for a a glass of wine to toast the sunset.
Central heating and log burning stoves ensure cosiness during the cooler months and ceiling fans and stone floors help keep the inside temperature cool in summer.
There’s also a communal utility room and boiler house.
Other properties on the site include an old agricultural building that has been converted into a detached one bedroom cottage with open plan living room equipped with wood-burning stove. It looks out onto terraces with views to the distant Mediterranean and the benefits of the Levante breeze.
Below is another conversion; the old barn is now a two-bedroom cottage, with open plan living room complete with log burning stove, modern kitchen. It has a walled patio to the rear and a large open sun terrace with plunge pool.
Next door are the old stables, now converted into a 1-bedroom detached cottage, again with an open plan kitchen/living space with wood burner. This cottage also has its own plunge pool.
The accommodation is set in gardens bordered by oleander and grape vines surrounded by groves of almond, olive and pomegranate trees with views to the Mediterranean, 12 kms to the south.
The property is located just five minutes walk from Lubrin, a typical white-washed Andalusian village in the Sierra Filabres in Almeria province, an area becoming increasingly popular as a rural tourism destination.
The place offers a great climate and wonderful hiking opportunities on the doorstep.
It is a 45 minute drive to the coast and some of the best beaches in the region and within 2-hours drive of four airports; Almeria (1hr) Murcia St Javier (1.5 hrs) Granada and Alicante, (both around 2 hours).
The property is on the market for €450,000. But the sellers are offering an amazing financing deal with down payment of €200,000 and remaining balance paid over 10 years, interest free!.
And the opportunity to try before you buy. “Come and stay for two days,” insists the seller John Vincent
Here they explain why:
“Prior to July 2018 we did not operate Cortijo Fuente Arriba as a pure commercial enterprise but more of a lifestyle. We were fortunate not to be encumbered by a mortgage and are non-resident and shared our time in Spain, on a 50/50 basis, with our permanent home in Wales
“This July we employed a husband/wife management team and we concentrated on creating new rental platforms such as Booking.com, AirBnB, HomeAway, Trip Advisor and Clickstay. This summer our turnover for the 3 months of July, August and September increased to €12,387.52 and at 1st November 2018 we have over €6000 worth of self guided walking and long term bookings for the autumn, winter and spring. The €6000 of bookings is just 10 percent of the total occupancy potential for the 9 months from October to May and demonstrates a year round rental income
“With this is mind we are prepared to offer private financing to a qualifying buyer with a minimum down payment of €200,000 and the balance paid over 10 years interest free as long as payments are kept up to date.”