Apartment building For sale in Casares 5530 m2 - COM211156F97D
Bank-owned property for sale. Residential complex located in a prestigious area on the Costa del Sol.
This is a great option for investment with an over 40% profit.
This residential complex was built in 2015; it consists of three buildings, including:
- 79 apartments with 2 and 3 bedrooms with terraces and fantastic views of the ocean and mountains;
- 118 parking places;
- 48 storage rooms;
- A large swimming pool and a garden located within the complex.
The cost of an apartment starts from 60,000 EUR; the full complex is for sale.
The required investments (renovation of the interior) will amount to about 14,000 EUR per apartment.
The minimum market price for an apartment of this type in this location starts from 120,000 EUR.
The profit from the sale of one apartment will be 120,000 - 74,000 = 46,000 EUR.
It is also perfect for creating a long-term business (apart-hotel) with a property management service.
The complex is located in a quiet place with stunning views of the Costa del Sol, Campo de Gibraltar and Gibraltar.
The nearest beach is approximately 1.5 kilometers away or 5 minutes by car.
Malaga airport is in 60 km or 1 hour drive. 30 minutes from Puerto Banus and Marbella.
Next to the complex is Green Golf and the luxurious Finca Cortesin Resort.
|Distance to sea||1500|