R4438777, Villa Detached in Marbella
Ref # : R4438777
For sale € 1,250,000
INDEPENDENT VILLA IN THE CENTRE OF MARBELLA, EXCELLENT HIGH RETURN INVESTMENT OPPORTUNITY.
The property is located in the centre of Marbella, on Av Jose MarÃa Gironella, Huerta Belón.
It is an independent building of 821 sqm on a plot of 1,110... INDEPENDENT VILLA IN THE CENTRE OF MARBELLA, EXCELLENT HIGH RETURN INVESTMENT OPPORTUNITY.
The property is located in the centre of Marbella, on Av Jose MarÃa 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.
Base Information
Bedrooms: 7
Bathrooms: 4
Square feet: 821.00
General Amenities
Renovation Required
Community Amenities
More Than One
Private
Exterior Amenities
Private
Landscape Amenities
South
Garden
Town
Close To Shops
Close To Sea
Close To Schools
Street
Security Amenities
Alarm System
Basement
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