The price does not include expenses and taxes. The additional costs to the price to be paid by the buyer are: New home/1st Transfer Value Added Tax (VAT) 10% (or 4% in the case of protected housing); or in the case of 2nd and/or Subsequent Transfers, Transfer Tax (ITP) 7%. In addition, the formalisation in public document of the purchase contract (deeds) is subject to AJD Stamp Duty (AJD Actos Jurídicos Documentados) 1.2% on the purchase price, registration and notary fees. You have at your disposal a copy of the corresponding information sheet of this property in our office according to Decree 218/2005 of 11 October.
€ 1,250,000
Description
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.
Characteristics
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Cost
Community | Not known |
Garbage | Not known |
Tax (IBI) | € 3,429 per year |
Energy Label
CO2 | Not known | |
Consumption | Not known |
Location
Reference: R4438777
MarbellaCosta del Sol
Spain
History
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