• €299,000

Overview

  • R5500252
  • Property ID
  • Apartment, Ground Floor Apartment
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom
  • 40

Description

UNIQUE OPPORTUNITY IN THE HEART OF MARBELLA, FRONTLINE TO THE SEA WITH TOURIST LICENCE!

Magnificent investment opportunity on Marbella’s Paseo Marítimo, just steps from the beach and next to the Marina, surrounded by restaurants, shops, leisure facilities and all amenities, in one of Marbella’s most sought-after tourist areas.
The property offers approximately 40 m2 plus a terrace currently enclosed and converted into an additional bedroom, an independent kitchen and a spacious bathroom. It enjoys a southeast orientation, while the building offers concierge service and communal gardens. The building is currently undergoing restoration works.

A renovation would allow you to optimise the layout, make better use of the available space and significantly enhance its rental potential and value. Thanks to its tourist licence and exceptional location, it offers several investment strategies: tourist rental, renovation and resale, or long-term investment.

RENTAL POTENTIAL & CAPITAL APPRECIATION

The area is also benefiting from major port improvement and transformation projects. The expansion of La Bajadilla Port involves a planned investment of more than €200 million, increasing its capacity from 268 to 750 berths. In addition, a €1 million investment plan is underway for the improvement and maintenance of Marbella’s main Marina, Puerto Deportivo Virgen del Carmen.

These developments further strengthen the appeal of the area and its potential for future capital appreciation, making this an especially attractive opportunity for investors.

A rare combination in Marbella: frontline sea location, tourist licence, prime central location and strong investment potential.

Estimated costs payable by the purchaser: The purchase is subject to Property Transfer Tax (Impuesto de Transmisiones Patrimoniales – ITP) (Law 5/2021 on Transferred Taxes), with a general maximum rate of 7%. The taxable base shall be the higher of the declared purchase price and the cadastral reference value (Article 10 of the Consolidated Text of the ITP and AJD Law). Reduced rates may apply depending on the purchaser’s personal circumstances.The costs of the public deed and registration at the Land Registry are regulated by official tariff (Royal Decree 1426/1989 and Royal Decree 1427/1989, respectively). The estimated range is between €500 and €2,000 for notarial fees and between €250 and €1,500 for Land Registry fees.Administrative services (gestoría), if voluntarily appointed (fees are not regulated): estimated between €300 and €500.The municipal capital gains tax (IIVTNU) is payable by the seller (Article 104 of the Consolidated Text of the Local Finance Law).Total estimated cost for the purchase: 328.900€.This estimate is indicative and is provided in accordance with Article 20.1.c) of the Consolidated Text of the General Law ‌for ‌the ‌Protection ‌of ‌Consumers and ‌Users. The ‌final amount will ‌depend ‌on ‌the ‌specific ‌circumstances ‌of the transaction ‌and the purchaser.Estate ‌agency ‌fees ‌are ‌payable ‌by ‌the ‌seller.

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George Radford

George Radford, 32 years old and from London. Co-founder and director of Bellingtons Property Group. George describes him as a hardworking, enthusiastic and determined young entrepreneur. George decided to co-found Bellingtons Property Group to be a part of something that is meaningful, impactful and helps others. Not content on letting his clients settle for mediocracy, George is someone that sets goals and helps his clients achieve them.

With family ties in the Marbella area for more than 30 years, George has lived and worked here for many years accumulating invaluable first-hand knowledge and connections that he can pass on to benefit his clients. When asked how George would describe his clientele, he says “My wonderfully diverse clients are great! From finance to tech, elite sport to medicine, working with such a broad range of professionals is so enjoyable”. George has experience when it comes to selling every type of property. Working with first time buyers to luxury homes, he values providing an unparalleled service that he can be proud of.

 What clients appreciate most when working with George is his laid back, low pressured and patient approach with them yet tenacious attitude and commitment on their behalf. George feels strongly that his ability to listen and comprehend his clients demands is what helps him build such strong client relationships.

  • +34 664 01 34 40
  • george@bellingtonspropertygroup.com

Sam Bobes Gilroy

As a native Andalusian with a British heritage, Sam is a fluent English and Spanish speaker who has lived his in Marbella for 30 years. Sam has been one of the most influential individuals in the Real Estate sector for the last 8 years, gaining invaluable experience along the way whilst working for several leading brand name agencies before co-founding Bellingtons Property Group.

Sam brings extensive industry experience to the team, allowing him to advise his international clients complete solution to fulfil their needs, whilst streamlining the whole process whether it be buying or selling. He’s obtained a very strong real estate network during his early successful career and prides himself on his excellent local knowledge, setting his clients up for success.

  • +34 637 13 91 98
  • sam@bellingtonspropertygroup.com

Pelayo Gomez Picó

Pelayo is the co-founder and partner of Bellingtons Property Group. A graduate from Richmond, The American University in London with BSc Honours in Business Management & Finance, Pelayo is highly acquainted with corporate planning, risk management whilst having strong negotiation, communication, and quantitative skills.

He has ample experience dealing with high-net-worth clients while he excelled working for a boutique hedge fund in London, assigned to the derivatives desk where he focused on Options Trading in US markets. With his diverse background, as well as being born and raised in Marbella, Pelayo has brought another dimension to the ethos of the company.

Pelayo speaks three languages: English, German, and his native tongue, Spanish.

  • +34 661 41 43 56
  • pelayo@bellingtonspropertygroup.com