€ 1,195,000
Restaurant/Bar for sale in El Paraiso, Estepona, Málaga
- 230 m2
- 2133 m2
Description
Exceptional investment opportunity
Discover a remarkable investment prospect in the heart of Estepona's vibrant residential and commercial hub: Urbanización El Pilar – El Paraíso. This prime property, located on Sabinillas Street, offers a serene yet strategic position, just a minute from the main coastal thoroughfare, ensuring a peaceful environment away from the bustle.
Property highlights:
- 2,133 m² plot with commercial zoning
- Renovated 212 m² restaurant
This inviting space features an open layout, charming terraces, improved accessibility, a fully equipped kitchen, and beautifully landscaped gardens, making it ready for immediate operations.
Approved project for a business center
The northern part of the plot is designated for eight office or commercial units, arranged across four buildings. Each building includes two loft-style spaces with ground level, an upper floor, and a rooftop terrace. The design focuses on natural light and connectivity, fostering a welcoming atmosphere for future enterprises.
Investment potential
With the restaurant poised to yield an estimated annual rental income of €140,000, offering a 5.2% return, and the business center projected to generate substantial returns, this opportunity is well-suited for discerning investors. The estimated construction cost for the center is €1,000,000, providing flexibility to work with alternative builders or expand garden areas.
Features
- Restaurant/Bar
- Build Size: 230 m2
- Plot: 2133 m2
- Energy Efficiency Rating: In Progress