Tropical Fruit Farm situated between 150 and 250 meters above sea level just 10 minutes outside of Almuņecar in the Rio Seco Valley, Spain. The Mediterranean Sea can be seen from the hillside with the Rio Seco River down below and the Sierra de Almijara Mountains to the North. Fifteen rustic parcel plots between 2,500m2 and 7,000m2 of land are set among the plantation and a concrete road leads right to the doorstep.  

The extensively irrigated plantation has olives, mangos, avocados, nisperas, bananas, chirimoyas, oranges, lemons and almonds. The deep wells that are drilled on the property bring mountain fresh water from limestone deposits. Income from 14,700 liters of olive oil and tropical fruit for year 2000 was $75,000 (net profit). 

Individual electric service is supplied to all plots and mobile telephone communication is excellent in this area.  There are currently two old rustic cabins on the property and arrangements can be made for further cabins to be custom built in wood or stone.

This plantation is located half way to the Nature Reserve of Peņa Escrita, so if what you are looking for is a quiet place not far from the city this property represents an excellent opportunity to build a rustic 3 Star Hotel and country home development or a very special mansion on a mountain top. 

A building re-zoning petition for a Rustic 3 Star Hotel and adjoining cabins has been solicited on the highest part of this land. A favorable response from the city administration has asked for plans to be submitted. 3 Star Hotel properties in Almuņecar with 50 rooms meet critical 10%+ yearly net income to amortize investment in 10 years. 

The property has been professionally appraised in January of this year 2001.

Asking Price: $1,500,000.00 US

REFERENCE #1782

RT(C4754) 30 (B)

April 09, 2002