Reduced to 250,000€ – View now!
Sotogrande Marina 2 bed 2 bath
Buy a going concern rental business. Reduced to 250,000€ for quick sale. A well placed 2 bed 2 bath property in Sotogrande Marina. Commanding views of Sotogrande Marina and its waterways. Well designed and perfect as permanent residence or second home. It comes with fitted wardrobes and fully fitted kitchen. There is also a possibility of a berth at which to moor your boat and admire it from your large terrace. However, in today’s market what is also offered here is a short to medium term investment. The location and views will always make this property desirable. This means when the time comes for you to sell, this 2 bed 2 bath unit should provide a rewarding return on capital. No-one can ever guarantee the future and buying property is always a form of speculation, but we believe there is a healthy profit if you wait 3 – 7 years. Certainly, a far better return than a bank savings account. Meanwhile, you benefit from a successful holiday rentals business. The current owner needs to free up some of his assets and is consolidating his portfolio to do so. For this reason the property is being offered for sale by a motivated seller at a great price. You won’t find it with any other agency at this price because we have agreed a lower commission with the owner that is reflected in the price. Naturally, you as Buyer do not pay commissions.
Excellent Rentals Portfolio
It could be that you are thinking to add to your rentals portfolio. The current owner benefits from over 60% occupancy rates and generated 18,000 euros gross last year from this property. The same management team could continue to run the business which would make it all quite painless. The managing agents have many returning clientele amassed over 35 years of business in the area and have worked in partnership with the current owner for about five years. During this time, rentals have risen steadily.
There is also a very good opportunity to rent long term. The principal market here is people working in Gibraltar and you could expect to achieve 1,200 – 1,400 euros a month per apartment in today’s climate or continue to offer short term rentals with extra possibility of using as second home.
Rental yields in Sotogrande have started going up in price again. There has never been a better time since the Crisis to further augment your portfolio or simply buy yourself a quality apartment in a wonderful location. Near Polo and Padel courts, too.
The building benefits from communal gardens and communal, outside, pool. In addition, this apartment has its own underground parking bay and storage. These storage facilities are lockable and of a sufficient size to store bicycles, garden furniture and the like.
Quality Location with Expansive Views
Views from the terraces are amongst the best in the Marina, situated as they are in Ribera del Pez Luna. South facing expansive views up and down the Waterways – a 180º panorama. This quality location is also ideal for walks along the river or Polo fields – with or without a dog. In fact, everything is within walking distance – from restaurants at Ribera del Marlin or the port, to fantastic beach bars 10 minutes east and west of the apartment and even the padel club is only five minutes away. Supermarkets deliver and orders can be placed online or drive there direct, they are very near. The above reasons help explain the guaranteed repeat clientele who choose to holiday at these apartments year after year. Seldom does an established business like this go onto the market without factoring a premium for the going concern that is also being sold as part of the offer. This business proposition is being handed to you on a silver plate.
Below Market Value – Established Holiday Lettings Business
Priced to sell at below market value with established holiday lettings business by motivated seller. Premium free. Phew. Seriously, don’t miss out on this exceptional opportunity. Total Property Fees, inc income taxes per year, 3,822 € ( IBI and community fees, macro and building, plus taxes for owning the property -Non resident wealth tax).
Why not make an appointment to view?