Property in Nueva Andalucia of interest to investors/Developers

Situated in the main road running through La Campana in Nueva Andalucia, close to Marbella, Puerto Banus and San Pedro. Traffic passes constantly and the area is well known for high quality food and restaurants. There are many full time residents in the area and they are well serviced with schools, shops, offices backs and post office etc.

This property was in process of conversion to a restaurant but the conversion was never completed. It has been empty for 20 years and has license at all.

The Ayuntamiento (local council) have stipulated that the property must be returned to a restaurant and disabled access be installed. In addition a residential unit must be built above the restaurant and access must be from the front of the restaurant before a license will be granted. These works have already been carried out next door.

It is possible to build upon what is there but it may be easier and possibly cheaper to clear the site and start again as the floor is too high and pedestrian and disabled access would need to be instated.

It needs a buyer to come in and purchase with cash (any bank funding would be rejected without a license), then submit a project to the council for approval and then apply for the license once the works have been completed They council have said they will look favorably on scheme along these lines as they want to see something done with the property.

The end result would give you a commercial unit worth around 150.000€ and a residential unit worth around 275.000€ or (a rental of 1000€ plus a 1800€) per month.

Important Notice.

If you are thinking about buying a business, always make sure you use a genuine and professional agency.

Mind Your Own Business is a fully Insured and fully legal SL (limited) Company specialising only in commercial estate agency and business transfer.

You can visit us in our offices before, during or after you purchase your business, to discuss your requirements and we can also assist with any difficulties that may arise, based on over thirty five years’ experience in the business.