House For Sale Gilet Ad:32300

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€575,000

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House
For Sale
Gilet
Spain

Excellent opportunity to purchase a

potential mansion. This huge house of 975m2 built space sits on a 2200m2 plot just a few minutes drive from Gilet and ten

minutes from the beach at Sagunto. It is a fairly leisurely 20 minute drive into Valencia.

The house itself is set

on four floors. The main floor comprises a huge living room with sweeping staircase, a kitchen which needs some work, four

bedrooms and a bathroom. There are large covered and arched terraces to the front and back, the latter which overlooks the

pool. The first floor has anothr huge living/conference room, five more bedroom, two bathrooms and again huge terraces

overlooking both the front and back.

Upstairs there is an attic which has three seperate areas currently used for

storage and a roof terrace. Downstairs there is a very large games room, with a second kitchen leading out to the pool area,

another bathroom and storage space. The floor in the games room is to be relaid very soon.

The structure is very solid

and the modernisation of the house has included painting, treating all of the metalwork balustrades and painting them,

fitting a new filter unit into the pool and renewing the crown stones around the pool and a clean up of the garden. There is

still work to be done but there is plenty of potential to make this into a huge extended family house as a base for group

holidays. Obviously there is electric, water and as there was previously a phone then there is no problem with getting one

should it be required.

Outside the garden is full of possibilities. The pool is 16x9m2 and has a new and fully

functioning filter sytem. It is fenced off for anyone worried about their children. The barbecue area is inviting and there

is an orchard too full of oranges and lemons. There is a rather disused tennis court which has been recently used as a car

park for parties but only a single car garage.

The valuation on this house was 783000 Euros in 2004/5 and the current

mortgage is 495000 Euros which could be taken on by anyone buying (2173 Euros pcm). The mortgage could also be extended up to

80% of valuation for residents and 70% for non residents meaning in effect not having to pay anything out for the house as

long as your income justifies the monthly repayments. We see this house as having potential for groups of friends wanting a

shared property abroad, cultural and religious groups or for someone looking to start up a rural hotel. The investment

potential is huge as the airport is just 25 minutes away and there are large scale leisure projects planned for Sagunto to

complement those happening in Valencia based around the America`s Cup. It is set in a valley far enough from the motorway to

not hear it and it enjoys mountainous views all around.

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