Detached Villa in Marbella
Property Highlights
Ref No
R4438777
Price
€1,250,000
Location
Marbella
Area
Málaga
Property Type
Detached Villa
Bedrooms
7
Bathrooms
4
Plot Size
1110 m2
Living Area
821 m2
Terrace
0 m2
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.
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
Community Fees: €0 / monthly
Basura Tax: €0 / annually
IBI Fees: €3,429 / annually
