Commercial property in Marbella Centro: whole building with tenant and roof terrace

This property sits in the old town of Marbella and is an entire four-storey building with 333 m² of built area. It combines existing rental use with room to develop the building further.

The building

• Ground floor: a commercial unit of around 100 m², leased to a third party and in operation for 16 years.
• First and second floors: around 201 m² in total, in need of renovation.
• Top floor: a penthouse with a valid tourist rental licence, active for 11 years and very well reviewed by guests.
• Roof terrace: around 100 m², not included in the registered built area.

Features

The building has hot and cold air conditioning, WiFi, a storage room and a private terrace. The kitchen is fully fitted and furniture is optional. Because you would buy the whole building, there are no community fees. Parking is on the street, and the outlook is over the town.

Location

The building stands in a commercial part of the centre, close to the church, shops and schools. Public transport is nearby and the beach is less than a five-minute walk away. It is a lively area with plenty of visitors.

Who it suits

This is a good fit for an investor looking for an urban asset with existing rental use and scope for repositioning. The first and second floors could stay in residential use. An accommodation project, such as a hostal or boutique hotel, could also be considered. That would only be possible with the necessary technical, planning and administrative approvals. Any plans and figures should be checked with professionals on the technical, legal and financial side.