Business Investment for sale in Marbella

Vacant premises located in the Old Town in Marbella. 305 m2 ground floor divided into 16 rooms and two interior patios. 18 years ago it was working as a hostel, but it will need a complete reform, inside and outside, as it has been more than 15 years closed. This property is approximately 5 minutes walk from the centre of Marbella. In our opinion it can be turned into a large restaurant etc. There are apartments above.

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Property Details

• Reference: COMM478

• Price: € 265,000

• Town: Marbella

• Commercial Type: Business Investment

Spanish Property Description

Gran local situado en el Casco Antiguo de Marbella, 305 m2 de planta baja divididos en 15 habitaciones más 1 almacén y dos patios interiores. Es imprescindible hacer una reforma total del local, por dentro y por fuera, ya que lleva más de 15 años cerrado. Antiguamente estuvo funcionando como hostal durante 18 años. Está a unos 5 minutos del centro de la ciudad. En nuestra opinion puede funcionar como restaurante etc. Tiene 3 plantas de viviendas encima.

Mortgage Information

The following is a breakdown of the mortgage repayments for the first year using an interest rate of 3.5% over 25 years. This mortgage in Spain will cover a total of 300 monthly payments of €1326.65

Month

Interest Paid

Principal Paid

Remaining Balance

Month 1

€772.92

€553.74

€264,446.26

Month 2

€771.30

€555.35

€263,890.91

Month 3

€769.68

€556.97

€263,333.94

Month 4

€768.06

€558.60

€262,775.35

Month 5

€766.43

€560.22

€262,215.12

Month 6

€764.79

€561.86

€261,653.26

Month 7

€763.16

€563.50

€261,089.77

Month 8

€761.51

€565.14

€260,524.63

Month 9

€759.86

€566.79

€259,957.84

Month 10

€758.21

€568.44

€259,389.40

Month 11

€756.55

€570.10

€258,819.30

Month 12

€754.89

€571.76

€258,247.53