Location: Marbella, Spain
A rare opportunity to purchase a property on The Golden Mile in Marbella & Develop a New Villa. Calle Marquise Ivan Rey.
Within WALKING distance to the Puente Romano Hotel, Beach, Puerto Banus and Central Marbella.
Built in 1982, this original 2 bedroom bungalow is less than a two minute walk to the beach, while not front line, it is just 300 steps to the Rio Verde Beach. Situated on the border line between Marbella and Puerto Banus it has been an exceptionally successful rental property for over 30 years.
Now for sale, and in need of updating it is also an ideal project for a total reform with an allowance to put on a second floor and build up to 40% of the plot. As an example, you can see a project that is suitable to build at that plot.
If you don't wish to get involved in a full reform, we have the option to just modernise the decor and with some upgrades, this property can command in the region of €4,000 per week on the holiday rental market. Your reform investment back in just 3 or 4 MONTHS!
Please note, the modern villa photos are an architects impression and can be adjusted to suit the new owner. New build in the area, on smaller plots are sold out starting at €2.5 million.
This plot is very reasonably priced based on it´s fantastic, central, location and legality to build.
As with other properties in the area built before the 1989 approved town plan for Marbella, it can avail of the new laws allowing reforms of such a property.
Plot is for sale with existing villa for €799,000 Reform / rebuild is not included in this price.
Contact us for a viewing. We have the keys.
Also Open to reasonable offers.
