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R5182528 R5182528 R5182528 R5182528 R5182528 1 / 28
For sale

Townhouse in Estepona

€552,000

Property type
Townhouse
Reference
R5182528
Bedrooms
5
Bathrooms
3
Built area
223 m²
Pool
No

Description

INVESTMENT OPPORTUNITY – HOUSE WITH POTENTIAL FOR 4 APARTMENTS IN ESTEPONA Property for sale at a reduced price due to special conditions: the owner, 92 years old and in delicate health, retains a lifetime usufruct only on the ground floor, where she currently resides. This allows buyers to refurbish and exploit the upper floor immediately, with the possibility of converting it into two independent apartments, while securing full availability of the ground floor in the future. Surface: Plot: 121 m² Construction: 223 m² distributed over two floors Rooftop: 121 m², with potential to create a solarium, communal area Current state: Ground floor (usufruct): old but habitable property, currently occupied Upper floor (available): requires renovation, with potential to be divided into two apartments Development potential: The property, with a single deed, can be reorganized into up to 4 independent apartments (two on the ground floor and two on the upper floor). Estimated rental income: at least €1,100/month per apartment → more than €4,000/month once the project is completed. Prime location: Located in the heart of Estepona, just a few minutes' walk from La Rada beach and the Old Town, surrounded by shops, restaurants, services and leisure. One of the most sought-after areas of the Costa del Sol, ideal for both long-term and holiday rentals. With over 300 days of sunshine per year, the rooftop becomes the perfect outdoor living space. Investor advantages: Reduced price thanks to partial usufruct Immediate rental potential by refurbishing the upper floor Single deed and single property tax (IBI) Spacious rooftop for communal or leisure ‌use Strong ‌demand ‌in ‌Estepona ‌centre Conclusion: A unique property, partly ‌under usufruct but partly ‌free to ‌exploit today. ‌An excellent ‌opportunity ‌for ‌investors seeking immediate ‌income ‌and ‌strong ‌medium-term ‌capital ‌appreciation.

Where it is

Estepona, Malaga

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Controller: Shure Real Estate, [postal address], [contact address]. Purpose: to answer what you ask us — about a property, about a valuation of your own home, or about a viewing — and to keep the contact that answering it requires. Legal basis: steps taken at your request before entering into a contract, article 6(1)(b) of the GDPR. We do not ask for your consent, because the enquiry is one you started. Recipients: the people at Shure Real Estate who handle your enquiry, and the suppliers who run our systems. Your details go no further and are not used to send you marketing. How long we keep it: 24 months after our last contact with you, unless you become a client, in which case the periods in our client register apply. Your rights: you can ask for access, correction, erasure, restriction, portability, and to object, by writing to [contact address]. You can also complain to the Spanish data protection authority, the AEPD (www.aepd.es).

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