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Written by: International Marbella
Friday, June 1, 2012  RssIcon

International Marbella are excited to give the opportunity to buyers and investors to buy either of two most unusual residential projects both located in the best of adresses and both offered as distressed sales, open to accepting highest bid with a guide line figure available to be given in confidence to serious enquiries. Each project has had valuations carried out as finished products and currently can be purchased in the region of 70 % below such.

An unbelievable opportunity for an investor or private buyer to acquire a majestic castle on a hill top in Zagaleta Country Club or a stunning Mansion in a gated community on the Golden Mile both offering a built area of over 2000 m2 sitting on fabulous plots of some 6.500m2. Both residential projects are offered with planning and 2/3 of the construction finished thus still flexible as to changes in style and layout.


MANISON ON THE GOLDEN MILE:

The property will boast the most amazing south facing sea views and has a build size of 2.478m2 on a plot of 6.673m2. The planned accommodation would comprise of entrance hall, drawing room, formal dining, sitting room, study/TV room, huge American dining kitchen with cooking island, 6 double bedrooms with bathrooms ensuite, indoor swimming pool with Spa, Fitness center, Gymnasium with changing rooms, exterior heated swimming pool, integral garage, large covered terrace, fitted chiringito, marble flooring through out, airconditioning and central heating.

An official bank valuation is at € 9.9 mill. The anticipated cost of finishing the construction comes out at around €1.8 million euros – the owner has already invested in the region of some € 4.8 million euros.

Similar properties in the area currently for sale is marketed at prices from 7.5 million euros to 20 million euros, however realistically we feel the future asking price should be around € 10 million subject of course to the amount of investment made into finishes etc. The vendor is open to all offers and would also consider a doing a J.V..

CASTLE IN ZAGALETA:

This spectacular grand castle-style property was under construction and was stopped when around 70% of works were done. Enormous expense and details were made into the selection of materials from the French Oak to the natural stone flooring, to the finest hand made ceramics from Servilla, to the hand carved gothic sandstone windows, to the seven meters tall beamed ceilings.

With a projected constructed area of some 2000 m2 set on a plot of some 6580 m2 which has already been stacked in formal levels by hand carved marble supporting walls.

The layout was originally planned to be of a Andalucian Moorish design built around a Spanish patio with fountains and orange trees, giving the following accommodation; - an impressive entrance hall, 8 bedrooms with en suite bathrooms, 100 m2 living room with double ceiling height and open fireplace, separate dining room with wooden dome, library, kitchen with fireplace and seating area, various terraces and a guest cloakroom on the main two floors. Huge master suite with dressing room, his & hers bathroom with separate shower, terrace and fireplace.

Furthermore, it was planned to include 2 guest houses and an independent maid’s apartment. The basement, subject to modifications, was to house a wine cellar, interior swimming pool with Jacuzzi

Originally the villa was valued as a finished product in a region of 23 million euros, however at present the property in its current state could be acquired for substantially less, thus giving room for finishing to a high standard and introducing to the sales market in 9 months time as a finished modern home offered at a more competitative asking price.

For more information visit our website or contact us on info@internationalmarbella.com

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