building for sale Arenas Del Rey, Alhama

About this property

Perched above the shimmering waters of Bermejales Lake, this beautifully renovated apartment complex offers a rare blend of lifestyle and income potential in one of southern Spain’s most naturally rich settings. Whether envisioned as a boutique hospitality venture or a private residence with revenue streams, this is a property that delivers on every level.~~A Turnkey Investment with Character~Set within landscaped, fully fenced and gated grounds, the property comprises seven independent apartments, each thoughtfully designed with its own lounge, kitchen, bedroom, and bathroom. Every unit enjoys a private terrace, perfectly positioned to capture uninterrupted lake views—an undeniable draw for guests seeking tranquility and nature.~~The grounds themselves elevate the experience: mature landscaped gardens, peaceful corners for relaxation, and a private swimming pool that becomes a natural focal point during the warmer months. The setting feels secluded, yet remains highly accessible.~~Hospitality Ready: Bar & Restaurant Space~A standout feature is the fully renovated bar and restaurant area, complete with a professionalgrade industrial kitchen. Designed for immediate operation, this space opens onto its own terrace—ideal for al fresco dining with panoramic views. It presents an exciting opportunity to create a destination venue for both guests and visitors.~~Owner’s Accommodation with Expansion Potential~The property includes a comfortable owner’s apartment, offering privacy while remaining close to the business. Additionally, a substantial undeveloped attic space presents a compelling opportunity: with the right vision, it could be transformed into a spacious lounge, additional bedrooms, and another bathroom—significantly enhancing the property’s versatility and value.~~A Lifestyle Destination All Year Round~Location is everything, and here it truly shines. From the property, you can walk directly down to the lake, where activities such as kayaking, paddleboarding, cycling, and hiking are available throughout the year.~~Within a short drive, you’ll find:~The historic spa town of Alhama de Granada (20 minutes)~The cultural heart of Granada, home to the iconic Alhambra (40 minutes)~The renowned Sierra Nevada Ski Resort (approx. 1 hour 10 minutes)~For international access, both Granada Airport (30 minutes) and Malaga Airport (1 hour 20 minutes) are conveniently within reach.~~The Opportunity~This is more than a property—it’s a readymade business with room to grow, set in a location that attracts visitors yearround. With its combination of accommodation, hospitality facilities, and expansion potential, it stands as an exceptional homeandincome opportunity in the heart of Andalucía.~~A place where views, versatility, and vision come together~~