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Key selling points
- Great Investment & Income Potential. 5 minute walk to the beach (honest)
- Excellent opportunity to easily convert into a 6 bedroom luxury villa with a private pool
- Superb Modern Family Villa in the most sought after residential location of Corralejo
- 1 bedroom and 2 bedroom apartments can be rented out to provide a significant income
- Large tiled garden with mature plants & outside dining areas
- Off street parking for 2 cars and large terraces on ground and first floors. Roof terrace with sea views
The Property is is a well maintained, south facing, quality family villa in the most sought after residential area of central Corralejo. It was designed by a German architect and is on a plot of only four similar houses built 9 to 10 years ago on Avenida Grandes Playas. It has magnificent sea views of Lanzarote and the Isle of Lobos from the large flat roof terrace and is an honest five minutes walk to the beach and five minutes walk to the main high street. The property has a constructed size of approximately 180m2 over 3 levels, off street parking for two cars and is set within a plot of approximately 600m2. There is a low maintenance, automatically irrigated garden with a 10 year old Canarian Palm, a large Pepper Tree and a Caribbean Copper Tree, together with numerous other Canarian plants and cacti. The property currently consists of a 3 bedroom, 2 bathroom house with a separate one bedroom apartment and a two bedroom apartment below the house. In total there are 6 bedrooms, 4 bathrooms, 3 kitchens, 3 reception rooms, 4 storage areas, 5 different terraces, a reasonably sized garden area which is mostly tiled and off street parking for 2 cars. There is an English satellite television system installed which can be viewed independently in the house and within both apartments simultaneously, and there is a 3mb ADSL internet connection which can provide internet access anywhere within the property. The ground floor has a large L shaped living / dining room, a unique designer shower / toilet room, a storeroom, a large quality fitted kitchen with granite worktops, a hallway with stairs going both up and down, a covered and sheltered south facing exterior terrace area, an external laundry area situated in the side terrace, a mature well planted garden and a large covered timber pergola with built in hardwood seating below. The first floor contains 3 bedrooms (2 double and 1 single) a bathroom and large hallway area. There is a further large exterior south facing terrace area off the master bedroom and a large roof terrace with magnificent sea views, which is accessed from the first floor terrace. The whole house is extremely light and airy and perfect for the Canarian climate. There is an existing original staircase between the ground floor hallway of the house and the basement area, which presently has locked doors at either end and is temporarily divided into upper and lower storage areas. This staircase can easily be opened up so that access to the 2 bedroom basement apartment can be achieved without leaving the house. At present, the basement apartments are only accessible from their own entrance gate and they have their own separate entrances at basement level, which are accessed from the large basement terrace area. Each of the apartments has a fully fitted kitchen (including a 4 ring ceramic hob, electric oven, extractor, ample cupboards and fridge freezer), a large bathroom (with shower, wc, sink unit and independent hot water) and satellite television. Although situated in the basement the apartments are very bright due to the large open terrace area and each bedroom and living area has it’s own natural light. The apartments are currently rented out on long-term contracts and generate a total income of 1000 euros per month. The property is very adaptable and can easily be changed to one of the following alternative layouts: -
1. A LARGE 6 OR 7 BEDROOM VILLA WITHOUT APARTMENTS. The basement layout could be slightly altered to contain 3 or 4 bedrooms, 2 bathrooms (1 en-suite and 1 communal), a central access area and a separate lounge area with a small kitchen. The cost of the materials for this conversion should be less than 1000 euros.
2. A LARGE 5 BEDROOM VILLA WITH A 1 BEDROOM APARTMENT. The basement layout could be slightly altered to make the existing 2 bedroom apartment part of the house. The cost of the materials for this conversion should be less than 500 euros and the existing 1 bedroom apartment would be left unchanged and be available for renting as normal or as guest accommodation for family or friends.
3. A VILLA WITH 2 EN-SUITE BATHROOMS ON THE FIRST FLOOR. The smallest of the bedrooms can easily be converted to an en-suite bathroom since it is directly above the ground floor shower / toilet room. Additionally the existing first floor bathroom could then easily be extended and converted to an en-suite bathroom for the master bedroom. The cost of the materials for this work should be less than 1000 euros plus the cost of the 2 new bathroom suites that are fitted. Other options include changing the off street parking area (for 2 cars) into a secure garage / workshop and installing a swimming pool which could be located in the car parking area or in the main garden area.
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