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House & single-family home for sale in Marbella

Spain > Andalusia > Málaga > Marbella
USD 1,465,499

House & Single-family home (For sale)

7 bd
4 ba
8,837 sqft
lot 11,948 sqft
Reference: DXUQ-T1978 / 3352
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. View more View less VILLA UNIFAMILIAR EN EL CENTRO DE MARBELLA, EXCELENTE OPORTUNIDAD DE NEGOCIO DE ALTO RETORNO. La propiedad se encuentra ubicada en pleno centro de Marbella, en la Avenida Jose Maria Gironella, Huerta Belón. Se trata de una construcción de 821 m2 sobre una parcela de 1.110 m2. Construida en 1975, la edificación tiene actualmente uso de oficinas, de hecho lleva siendo la base de una importante empresa de seguridad más de 30 años. Lo más importante es que tanto el uso residencial cómo el dotacional son compatibles. La propiedad necesita una reforma profunda y adaptación a un nuevo uso, estimamos un capex entorno a 1 millón. En nuestra opinión sería un negocio de alta rentabilidad si se transformase en una residencia de estudiantes / alquileres temporales, ya que hay una gran demanda local de habitaciones y los precios son muy elevados. Hay más opciones en cualquier caso, la parcela es segregable en dos, se podrían construir dos viviendas nuevas también. 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: DXUQ-T1978
Country: ES
Region: Malaga
City: Marbella
Category: Residential
Listing type: For sale
Property type: House & Single-family home
Property subtype: Detached house
Property size: 8,837 sqft
Lot size: 11,948 sqft
Bedrooms: 7
Bathrooms: 4
Garages: 1

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SALE PRICE PER SQFT IN MARBELLA

Average sale price per sqft
Oct 2023
3 months
1 year
House
USD 634
+1.1%
+13.7%
Apartment
USD 635
+7.7%
+28.5%
* Average listing price
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AVERAGE HOME VALUES IN MARBELLA

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REAL ESTATE PRICE PER SQFT IN NEARBY CITIES

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