Great opportunity of investment in Estepona, Marbella

Sale MarbellaProperties → Great opportunity of investment in Estepona, Marbella

Investment Project

Spain , Estepona , Paraiso Barronal

REF: TGS-A1402
Price: 2.400.000 €
Features
  • · Apartments: 7
  • · Penthouses: 4
  • · Parking
  • · Wifi
  • · Communal pool
  • · Indoor pool
  • · Heated Pool
  • · Communal SPA
  • · Communal garden
  • · Sea view
  • · Garden View
  • · Communal lift
  • · Air conditioning
  • · Dishwasher
  • · TV
  • · Washing machine
  • · Gym/Fitness
  • · Distance to sea: 100m
  • · Distance to centre: 5km
Activities in resort
  • · Golf
  • · Surfing
  • · Tennis



Description

Fantastic investment!
11 Apartments beachside within 4* hotel complex
Location beach side: New Golden Mile between Estepona and Marbella

11 apartments all in one block
Six 2-bedroom apartments each 140sm
One 2-bedroom penthouse with panoramic sea view
Four 3-bedroom duplex penthouses with Jacuzzi and sea view each 200sm 5 pools

11 underground parking

Perfect for short and long term rental all year
All apartments featuring: fully fitted kitchen, living room and south oriented terrace areas, each bedroom has its own bathroom en suite. The apartments have south orientation, lift, one underground parking for each apartment and free private parking in front of apartments.

Amenities: Restaurants, bars, cocktail bars, beach restaurants, supermarket, bakery, butcher, banks, newspaper shop, pharmacy, laundry, excursion office, hair and beauty salon, cafe bars, children's playground, shops, small park, gym, live lounge. Public bus stop. All in walking distance.

 

Four 3-bedroom Duplex Penthouses One 2-bedroom Penthouse
3 bedrooms 3 bathrooms 1 guest toilette
1 salon 2 terrace (roof terrace with Jacuzzi)
1 kitchen
1 storage
1 underground parking
Lift, Air condition
Total 220 sq.
Terrace 38 sq.
South oriented
Sea view
Second floor
Modern furnished
Perfect condition, renovated
Fully equipped for self-catering
High short term rentals
200 meters to the beach
Built 2003
IBI: 1568€
Garbage: 255€
Monthly community fee: 237€
 

Six 2-bedroom Apartments
Charming sunny spacious apartments, beach side, south oriented
2 bedrooms 2 bathrooms 1 guest toilette
1 salon 2 terraces
1 kitchen
1 storage, 1 underground parking
Total 163 sq.
Terrace 21 sq.
South oriented
First floor
Lift
Built: 2003
Modern furnished
Air condition, heating system Fully equipped for self-catering High short term rentals incomes
200 meters direct access to the beach. All facilities in short walking distance.
IBI: 980€
Garbage: 170€
Monthly community fee: 237€

 

Rental incomes long term prices 2020
Rental                      3 bedrooms          2 bedrooms           penthouse
Monthly price          2.200                     1.800                     2.000
4 x 3 bedrooms apartment             8.800 Euro
6 x 2 bedrooms apartment         10.800 Euro
1 X 2 bedrooms penthouse      2.000 Euro
Total rental income monthly    21.600 Euro x 12
Yearly rental incomes             259.200 Euro

Rental incomes short term prices 2019
Rental                            3 bedrooms         2 bedrooms            penthouse
High season week            2.000                     1.600                     1.800
Mid-season week             1.500                     1.200                     1.300
Low season week             1.000                       680                        750

High season 16 weeks x 2.000 Euro x 4 apartments    =     128.000 Euro
High season 16 weeks x 1.600 Euro x 6 apartments    =    153.600 Euro
High season 16 weeks x 1.800 Euro x 1 penthouse    =      28.800 Euro

Mid-season   16 weeks x 1.500 Euro x 4 apartments     =      96.000 Euro
Mid-season   16 weeks x 1.200 Euro x 6 apartments     =    115.200 Euro
Mid-season   16 weeks x 1.300 Euro x 1 penthouse    =      20.800 Euro

Low-season   16 weeks x 1.000 Euro x 4 apartments     =    64.000 Euro
Low-season   16 weeks x    680 Euro x 6 apartments     =    65.280 Euro
Low-season   16 weeks x    750 Euro x 1 penthouse    =    12.000 Euro

48 weeks booked per year                           696.480 Euro

Expenses:
Community fee per year 2.844 x 11 apartments   =        31.284 Euro
IBI /Basura fee per year 1.300 x 11 apartments   =        14.300 Euro
Insurance fee per year      300 x 11 apartments   =          3.300 Euro

Basic costs per year all apartments                 48.884 euro    
Basic income                     647.596 Euro


Why should you buy now:  

Seller needs money urgently and reduced price from € 3.553.900 to € 2.400.000

Total built 2163 sq.  Price per sq. is now only € 1.109

Mortgage of over € 750.000 can be taken over.

Renovation of all apartment blocks is scheduled to finish summer 2020 and will increase resale.

Apartment complex is situated in a four star hotel resort.

Hotel services, restaurants, coffee shop, reception, SPA and Wellness will be available for all owners and clients

The newly renovated resort will increase the value of the private apartments.

7 pools, one outside heated pool and one inside heated pool will be available. At the moment 4 pools and one children pool with play area are open.

Rental prices for long and short term increase once the hotel will be open again.

Beachside complex with direct access to Paraiso beach. You don’t need to cross a main street.

Each apartment has one underground parking and plenty of outdoor parking places.

There is no possibility to build new projects along the beach from Marbella to Estepona.

Current apartment trading value per m2 in the same region:
Las Dunas Hotel: 5.000 – 9.500 Euro per m2
Hotel Kempinski Estepona: 4.800 – 10.000 per m2

 

 

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email: info@salemarbella.com