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Israel > Southern District > Eilat > Gannim Alef

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₪1,952,686

(EUR 488,000)

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House 3 bedrooms
For Sale
Gannim Alef, Eilat
Israel

HOUSE FOR INVESTMENT
Cottage for sale (serious applicants only)
Sahlav 25b Eilat Israel

The property is located on the south east-facing hill of Eilat�s Ganim Alef neighbourhood at about 75m of elevation above sea level.

This unique cottage contains three apartments with separate entrances and a great roof top hangout at the end of the elevated street of Sahlav. The view is spectacular from most parts of the house.
This is a superb location in the end of this bohemian alley overviewing the Red Sea, Eilat City, Akkaba with private parking in front of the house.

The house is separated into three renovated and spacy apartments on different floors, all with a spectacular view. In addition the roof is partly covered with a pergola making this roof top one of the best views in town! There is a possibility of adding 60sqm for penthouse apartment.

The three apartments come fully equipped with the normal appliances like washing machine, air conditioners in every room, tv`s, ect. Each apartment has kitchen, living room, bed room, balcony and a yard downstairs. Each room is fully furnished with handmade wood details making each room a warm experience. This house literally rents it self out !

The wood details was built by a Danish carpenter in a simple country style with full wood used for shelfs, walls, cabinets, desks, kitchen tables, bar tables, dining tables, sofas, floor decks and two pergolas. Throughout the house horizontal mirrors are used to expand the already wide view making creating a great contact with the outdoors visually.

If you are looking to invest your funds safely and want to enjoy a long term stable return on your investment this house is for you. Buying this house gives an immediate income of 30.000euro per year.

Even a loan can be paid monthly for half of the income of this house. Besides a small tax this house can be your present income with very little work and will on long term be a pension plan for anyone with math skills. The apartments are at the moment rented out on a yearly basis (from may).
If you should choose to rent out these apartments daily the potential is even higher. Because of the high temperatures Eilat entertains tourist even in the middle of winter. Additionally a large number of Israeli holidays keep Eilat very busy in short term rent, a big business in Eilat, where hotels are often fully booked.

Details on each appartment

The downstairs apartment is reached by a 40m trail through a well-kept public garden from a public parking behind the house. No cars or sound of cars is noticed as you arrive to the wood gate only view of the bay and mountains. After opening the lightly fenced house you meet a 30 sqm. outdoor space with partly stone floor and deck with sitting area. The front is made from glass windows and doors allowing light to enter. Above is a L-shaped pergola that stops heat from entering in the summer and gives shade to a sitting and dining/BBQ area outside. As you step inside you meet a large cool room with kitchen bar. The bar is extending through the kitchen wall and into the large living room making it a very social space. In this living room there is a dining table and a separate sitting/sleeping area. The kitchen has fridge, new oven, micro, cookers ect.

As you walk to the back of the large room you see stairs leading a higher level in the back. There you find hallway and a bathroom with old style flower pattern ceramic and wood beams in the ceiling. As you continue there is a bed room and a walk-in closet room (shelter).
The yard makes it possible to have a small garden or a dog here.

The bed, tables, bars, sitting area, sofa and shelfs are all handmade full wood.

You enter the middle apartment from the front of the house. Here you are met with an outer gate and light fence from handmade full wood. You enter on to a wood deck where there is a small sitting area next to the entrance. A net door separates the real front door from the outside allowing a nice breeze when the screen door is kept open. Once you enter this apartment the first thing you notice is the view. In front of you is a kitchen that becomes a dining area that becomes a balcony facing directly at sun and moon rising. The kitchen contain cooking equipment like oven, cooker, micro ect., fridge and washing machine.

From the kitchen you decent half a floor down a short staircase, into a bedroom with a panoramic view of the mountains, the city and the Sea. The full wood details make this apartment warm and cosy. It attracts the `right` people who are serious and is very easy to rent to a couple or single person. We never even had to advertise!

The third apartment is located higher and therefore has an even more spectacular view. As you enter from the staircase door you are instantly met with the view as you come in. The living room consist of a cosy sitting area, a working desk in front of its own window, and a small serving corner with small fridge for beverages. The balcony is covered with a new white pergola making the night here an amazing space that gives you that metropolitan view of a pulsating city shining night light.
As you go half a level up from the living room you get to the kitchen that enjoys the same spectacular view while you cook. From the kitchen a door leads to the back where the bedroom and bathroom are located. The bedroom is facing west staying dark in the morning and gets the sunset.
Like the rest this apartment includes all kitchen appliances, washing machine, tv ect. and handmade furniture and wood details making this apartment very warm with one of the best views in town.

Finally the roof of this building covers the entire footprint of the house and has the potential of being a penthouse apartment. Similar to the rest of the apartment the roof is divided into levels. At the moment there is a light wood pergola shielded with windows with bathroom, bed area, sitting area and a simple kitchen and barbeque area. The house is already profitable. Adding this unit to the house would increase the income on this house from 30000euro to almost 40000euro per year making this a very easy choice for any investor.

Generally about Eilat
Eilat is the most southern city of Israel on the Red Sea. Eilat is tax free tourist city, fully modern with hospital, schools, university, 5 malls and domestic airport (new international airport being constructed. The cottage is located on a hill facing south east to Edom mountains and down to the Red Sea bay.

The Red Sea is known for amazing tropic reefs and sea life, being the northern tip of the Indian Ocean. It attracts divers and marine biologists from all over the world to explore the water world, thanks to the perfect underwater visibility.

Water sports is popular too in this calm bay, including snorkelling, diving, kite surfing ect.
The west side above the city contains the Eilat mountains and the king Solomon mountain, the Red Canyon, with the Wadis trails popular for hiking and camping in the desert.

Eilat has a tourist area with hotels that supply a steady income to the city and keeps the real estate market stable for long term investment. Eilat is known for decades for being a place of peace and relaxation. The people here enjoy a quit life style where more time is spent on the beach than in traffic, which is almost none.

Eilat is a connection point for travellers not only visiting Eilat. From Egypt (8 km from Eilat) come many Christian tourists going for daytrips to Jerusalem. On the other side of Eilat you have the border crossing to Jordan, where people usually cross to go and see Petra, a world famous site a short drive from Eilats border crossing. Furthermore Eilat has many winter tourists escaping the cold coming to Eilat.

The building of a new airport outside the city brings more activity to the area and in the same time eliminates noise from plains. Eilat is known for having the most profitable mall in Israel next to the classic promenade along the beach receiving thousands of tourists weekly. Sahlav is quietly located about 1km from this area, up on the hill overlooking the city at about 75m above sea level.
Have a look at the pictures.

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