A property with a lot of potential, close to Moraira town. This is a converted office building which consists of one 3-bedroom apartment and three 2-bedroom apartments. Two of the apartments need refurbishment but, two are already renovated and have been used for rental clients. The building sits on 1200m2 plot and in front there is a 1000m2 building plot which has had permission for separation from the original plot but, is being sold together. Good investment / project.
Externally there is a large car parking area with plenty of room for approximately 10 cars and there is a garden area already established.
The first apartments on the right of the building have a large American style kitchen with a spacious living area and air-conditioning unit. There are two bedrooms, one with an en-suite as well as a family bathroom. One of the bedrooms is currently being used as a dressing room.
The second apartment offers a spacious living area with fire place, ceiling fan and u-shaped American kitchen. There are two bedrooms and a good sized bathroom.
The third apartment is currently being used as an office and will need to be renovated. One bedroom is being used as a storage area and the kitchen is fairly new. An air-conditioning unit has already been installed and it would not take too much work for this to once again become a good living space.
The fourth apartment which requires renovation has a fire place and an air-conditioning unit. Most of the work required will be re-plastering of the walls and an en-suite bathroom which will need to be renewed.
There are many possibilities with this property and the adjoining land, an investment opportunity not to be missed.
Teulada-Moraira, is a municipality in the province of Alicante. Located 120km from Valencia city and 80km from Alicante city. Both with access from the national road N-332 or the AP7 motorway (exit 63). Teulada-Moraira is accessible by car and bus (Alicante-Valencia line). And by train (Denia-Alicante line).
The municipality is within the district of Marina Alta. This also includes the neighbouring villages of Poble Nou de Benitatxell and Benissa.
Teulada-Moraira is 185 metres above sea level. The total area is 32 square kilometres. This municipality has two urban centres, Teulada and Moraira. Teulada is about 8 km from the coast while Moraira is directly on the sea. The population is international. In summer it is a popular seaside resort where many tourists rent a holiday villa.
The name Moraira derives from a local legend about an Arabic princess named Ira, la Mora.
In the history of Moraira the Moors played an important role. Some names of urbanisations still refer to the Arab settlement. In the 13th century Christians expelled the Moors. Every year locals celebrate this event during the “Fiestas de Moros y Cristianos”. The new Christian inhabitants arrived from Catalonia and Aragon. This is how the Valencian language entered the region. Teulada exists since the end of the 14th century.
Two hundred years later pirates attacked the coast. To protect themselves they built the watchtower on Cap d´Or. And later the Castle of Moraira which is still in the centre of Moraira.
End 1700s Teulada was a farming village. Farmers exported the crops by the sea. The locals also started with fishing. They built little fishing houses on the land which is now known as Moraira. For a long time, the fishing industry was the main source of income. But in the 1970s and 1980s international tourists discovered the area. This led to drastic development of hotels, apartments and holiday homes. But no high-rise tourist complexes in this area.
Currently there are more than 10.000 people living in Moraira. Many of them are expats and elderly that decided to retire under the sun. In summer the population triples with tourists coming from North Europe. Moraira has an average of 300 sun days per year. The Mediterranean climate is excellent for the cultivation of grapes. In the area there are more than 1000 hectares of vineyards. The famous grape that grows here is the Muscatel.
Moraira is a gentle village with a lovely marina operated by the Club Nautico Moraira. In the centre are many shops, restaurants and bars. Every week, on Friday, there is the market on the big parking lot. Here you find fresh vegetables and fruits. The typical churros. Clothes, leather and souvenirs.
Moraira has 3 main beaches, Playa l’ Ampolla is the biggest. A nice sandy beach close to town, popular with families. There is the beach of Platgetes and the small beach of the lovely bay of El Portet.
Many foreigners love the area of Moraira and choose to live here the whole year round or buy a holiday-home. Interested in the housing market of Moraira? Have a look at our properties and do not hesitate the contact us in case you want more information.
This info given here is subject to errors and do not form part of any contract. The offer can be changed or withdrawn without notice. Prices do not include purchase costs