For sale Ground Floor Apartment Costa Del Sol Marbella € 275.000,-
INVESTMENT¡¡¡¡¡¡¡ Great income¡¡¡¡¡¡ Holiday rentals¡¡¡¡¡¡
This lovely two bedroom apartment is beautifully furnished and well equipped. The location is perfect, being in a quiet residential street, pedestrian only and lined with pots of plants, yet close to shops, bars, restaurants, local shops, supermarkets etc. There is a small patio with table and chairs.
The Old Town of Marbella is a lovely place to stay, having lots and lots of little shops in small winding streets. There are many places to eat and drink, from a Michelin Star restaurant to very reasonably priced tapas bars. There is an art gallery, flamenco bar and frequently there is live music or art displayed in the streets.
The beach is just two or three minutes walk away, where there are numerous beach bars serving traditional tapas, paella and much more. There are water sports of many types available.
It has been completely reformed including foundations, drains, water and electricity. It will be sold as a turnkey package fully equipped for short term rental. The average occupancy is around 85% with a high percentage of returning guests.
The average gross income over the last 5 years has been 20K Euros. I believe this could be increased as there have not been any price increases over the last 5 years. It has a considerable number of forward bookings, these can be transferred to the purchaser at completion of the sale.