€475,000 Business Marbella

€475,000

CHECK IF AVAILABLE

Business 3 bedrooms
For Sale
Marbella
Spain

Business opportunity

A new an exciting business opportunity is

available now in Spain, a company based in Marbella operating under the name of Hallyway investments Sl is looking to dispose

of its assets following the recent slump in Spain`s property market. The company which was founded five years ago by four

Italian investors, owns property both in popular Marbella Village, Sifasa development on the Santa Maria Golf resort and in

the virgin resort of Casares Del Sol near Estapona . The Partners who are now of retirement age, have no desire to wait out

the current dip in the property market and have opted to sell. The Ideal purchaser would be a private investor looking to

increase his or her property portfolio, the properties in question are listed Below with their original purchase prices,

outstanding mortgage/loan and potential rental yields .

. Marbella Sifasa Development.

2 Bed 2 Bath appt.

Purchase PRICE 417.000EURO inc of vat. Capital invested in this property 133.296,64 Euro. Mortgage/loan outstanding

284.442,11 Euro. Currently not let. Yield 750.00 Euro per calendar month. UNFURNISHED

3BED 3BATH purchase PRICE

438.000 EURO inc of vat. Capital invested 127.826.21 Euro Mortgage/loan outstanding 310.207,54 Euro. Currently let on 18month

lease at 800.00 Euro per calendar month. UNFURNISHED

Casares Del Sol Purchase

2BED 2BATH Appt . Price 242.000

EURO inc
vat. Capital invested in this property 114.296.00 ro Mortgage/loan outstanding 127.484.00. Euro Currently not

let. Yield approx 650.00 Euro per calendar month UNFURNISHED

2BED 2BATH Appt Purchase Price 200.000EURO inc
vat.

vat. Capital invested in this property 94.848.00. Euro Mortgage/LOAN outstanding 105.792.00 Euro Currently not let. Yield

approx 650.00 Euro per calendar month UNFURNISHED.

Given the information above The Company Hallyway Investments SL is

proposing that the interested investor be prepared to pay the Partners a sum of 475.000Euros and to take on the

responsibility for the repayments of the current outstanding mortgages on the four properties. Mortgages/loan which have

already been arranged and signed for by this company. In effect the new investor can if he/she desires continue as Hallyway

investments Sl or have the Mortgages transferred into a preferred named society. It may however be prudent to retain the name

as all details regarding Financing pertaining to the properties are registered under that name. and SPANISH BEUROCARCY IN

THESE CASES CAN BE DIFFICULT TO NEOGTIATE..

If interested you can contact me Erica Bolger at ehbolger eircom ,

or phone -(Phone number)- .

CHECK IF AVAILABLE

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