INDEPENDENT VILLA IN THE CENTRE OF MARBELLA, EXCELLENT HIGH RETURN INVESTMENT OPPORTUNITY.
The property is located in the centre of Marbella, on Av Jose María Gironella, Huerta Belón.
It is an independent building of 821 sqm on a plot of 1,110 sqm. Built on 1975, the property principal use at present is commercial, in fact it has been the offices of an important multinational security company for the last 30 years. Most important is that both residential and “dotacional” (for sport, health, religious, social activities) uses are compatible, allowed there.
The property needs a deep refurbishment and adaptation to the new use, we estimate a capital expenditure close to 1 million. In our opinion it would be a high ROI investment if it was transformed into a student residence or temporary-mid term rentals, there is a very high local demand and prices have rocketed. There are more options in any case, the plot can be divided in two, and two villas could be built there.
Reference: R4438777
Country: Spain
Province: Málaga
Area: Costa del Sol
Location: Marbella
Property Type: Detached Villa
Status: Available
Bedrooms: 7
Bathrooms: 4
Price: EUR 1,250,000
Built: 821 Metres
Terrace: 0 Metres
Garden Plot: 1110 Metres
Features
Setting: Town, Close To Shops, Close To Sea, Close To Schools
Orientation: South
Condition: Renovation Required
Views: Garden, Street
Features: Basement
Garden: Private
Security: Alarm System
Parking: More Than One, Private
Category: Investment
