DESCRIPTION

 Calle Babole 3, Albaicin, Granada - €245,000

• 85 m2

• First Floor Apartment

• 3 bedrooms

• Bathroom

• Kitchen/Living Room

• Balcony with views of the Alhambra

• Furniture included
  

This is a fabulous investment opportunity, ideal for long-term rentals or short-term holiday rentals.

The apartment is in a beautifully restored building in what is believed to be one of the oldest streets in the historic Albaicín area of central Granada.

The Albaicin was declared a UNESCO World Heritage site, along with The Alhambra, in 1984 and, today, its winding alleyways and hidden Carmenes (houses in walled gardens) draw many visitors each year.

There are only 6 apartments (2 on each floor) in this building, arranged around a traditional central courtyard that retains many original features - heavy timber beams and stone columns.

The narrow cobbled street on which the property stands is one of the area’s best kept secrets, as it is tucked away off the Placeta Cruz Verde in a remarkably quiet corner. Plaza Nueva and the commercial centre of Granada is a short walk down the hill.

The building was restored and the apartments created in 2007, and the current owner has been the only occupier since then.

There are three spacious bedrooms, two of which have french windows overlooking the street; the main bedroom has a small balcony with enviable views of The Alhambra.

There is a compact but well-fitted kitchen that is open to the main living room. In areas of the apartment, there are beautiful timbered ceilings.

Fully tiled shower room.

The apartment has two air-conditioning/heating units and electric radiators. The windows are double glazed.

The current owner has previously offered the apartment for rental and has achieved around 70% occupancy per annum at an average rental of €90 per night. The potential for good holiday rental income is excellent, due to the location of the property.