Andalucia, Malaga, Estepona, Spain
- PROPERTY TYPE
Shop
- SIZE
4,047 sq ft
376 sq m
Key features
- Surface 376m2
- Gardens
Description
Be aware Investors: Great Restaurant plus plot with project for Business Center in El Pilar Urbanization, Paraiso, Estepona.
The property is located on Sabinillas St, in the midst of a highly populated residential área, and one minute away from the main road, but on a second row, without traffic noise.
The total plot, 2,133 m2, has comercial use.
On the South part, there is a large Restaurant of 212 m2, completely refurbished and almost completely open plan, with terraces, access, kitchen and gardened áreas.
On the North part, on a large part of the plot, a Business Center is projected, with eight office sor business premises. The basic Project has already been approved by the Town Hall. As one can see in the images, it would be a complex of four units, each divided in two, with ground floor, first floor and terrace. A loft-type solution surrounded and communicated within by porchs and gardened áreas, favouring the complex becaming a nice passing-by space, bringing life to the future eight business settled there.
Both parts, the Restaurant and the Business Center, feed back and support one another, it is a highly populated área but services are scarce right there. To rent both parts, Restaurant and the lofts, would yield a superior and growing return.
The actual Price includes the plot and the ready-to.use Restaurant.
As it is, we estimate an annual rental income of aprox 140,000 â,¬/year, which would provide a profitability of a 5.2%.
The Business Center would accomplish a superior and larger profitability once it has been built. The cost of building the Business center, if it is carried out by the company that owns the asset at present would be an additional 1 million euros, although there are also the options of the new investor building himself, or simply not building at all and use the plot as gardens of the Restaurant, in which case a much higher rent would could be asked for.
We would be delighted to extend this information and to coordinate a viewing of the property.
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Andalucia, Malaga, Estepona, Spain
NEAREST AIRPORTS
Distances are straight line measurements- Gibraltar (North Front)(International)28.4 miles
- Málaga(International)32.9 miles
- Jerez(International)60.6 miles
- Sevilla (San Pablo)(International)81.0 miles
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Notes
This is a property advertisement provided and maintained by Remax Bella, Marbella (reference 15982395-8603) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.