The starting price is 4.8 million, a 30% discount on the market value, making it an exceptional opportunity for investors and large firms.
Over the years, the city has become an internationally recognised brand, positioned as a pole of attraction for luxury tourism and a focus for investment, especially in the real estate sector, where 90% of buyers are foreigners
February, 15, 2022. Escrapalia has put up for public auction a lot of 10 commercial premises located in the heart of the Golden Mile, between Puerto Banús and Marbella (Spain). The assets are priced at 4.8 million euros, 30% less than the market value of around 7 million euros.
The real estate assets have a total surface area of 4,373 built square metres: from 120 to 1,145 built square metres per premises. They are currently without activity or occupation.
They are integrated in the building Hotel Guadalpin Marbella, Málaga (Spain), exactly in the Avenida Bulevar Príncipe Alfonso de Hohenlohe. In addition to commercial premises, the complex, which was built in 2002, is operated as luxury tourist flats by an operator.
Of the ten premises, eight of them are located on the ground floor of the resort, which is used for customer service areas: reception, lobby, cafeteria, gastronomic areas, garden terrace, summer swimming pool and shopping arcade. The other two assets are located on the first floor.
The environment where the property is located is fully urban and consolidated, in the Golden Mile of Marbella, 15 minutes walk from the centre of Puerto Banus, and offers direct access to the beach. It is characterised by intensive development and integrated multi-family housing with buildings within open blocks, large avenues and green spaces. It is currently fully consolidated, with a medium level of occupation and renovation, and fully developed infrastructures.
Auction open until 1st March
The online auction will be open until 1 March at 12:30 pm. It is aimed especially at investors, although both individuals and companies can participate, after registering for free at Escrapalia. This format facilitates access to this type of property, thanks to the technologies created for the real estate sector. The terms and conditions of the sale can be found at this link.
The lot of ten premises being auctioned comes from the liquidation of the company AIFOS, Arquitectura y Promociones Inmobiliarias, S.A., which is in insolvency proceedings by ordinary procedure before the Mercantile Court No. 1 of Malaga.
Marbella, an international attraction for luxury tourism and investment
Over the years, the city has become an internationally recognised brand, positioned as a pole of attraction for luxury tourism and a focus for investment, especially in the real estate sector, where 90% of buyers are foreigners.
The luxury market in Marbella is experiencing the best figures in its history. According to Engel & Völkers Marbella, in 2021 the city broke the record for sales of prime properties with a total volume of 561,600,000 euros. Engel & Völkers Marbella has noted that there is more demand than supply in the town.
After the pandemic, the city is expecting a significant upturn in tourism. Marbella recorded the highest hotel occupancy in December in the last 17 years, according to data from the INE (National
Statistics Institute). The figures detail a December hotel occupancy rate of 42.92 per cent, higher than any figure for this month since 2005.
It was recently voted the Second Best European destination 2022 by the prestigious European Best Destinations. The city has achieved recognition as the most exclusive and prestigious of the 20 finalist locations.
Escrapalia
The auction portal Escrapalia.com, based in Madrid, was founded in 2010 by the Surus Group. Since then, it has carried out the auction of more than 40,000 lots sold, in which more than 100,000 national and international users have participated. Escrapalia works from four key axes: giving a second life, a second chance to assets; sustainability, promoting the circular economy and fostering the local economy through access to goods that would otherwise be very expensive.
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.