Description
This warehouse for sale in Coín offers a built area of 224 m². The asking price is € 280.000; on top of that, budget 12 to 14% buyer's costs. As your fixer, I check the legal status and the actual running costs, arrange the viewing and guide you through the purchase, all the way to the transfer of ownership and the rental afterwards.
Industrial open-plan warehouse located on the outskirts of Coín on the “Parque Empresarial Cuidad de Coín”, just off the A-355 offering great road access to Málaga and Marbella.
It is a very solid construction and has a total built surface of 224m², including a mezzanine space on the first floor and a large vehicle entrance.
It is a magnificent opportunity for any business as it is located in a privileged location. There is also the option to buy another identical warehouse locaed at the back for the same price.
The premises offers ample open street parking.
The Listing agent for itself and as agent for the vendor gives notice that:
1. These particulars are only a general outline for the guidance of intending purchasers and do not constitute in whole or in part an offer or a Contract. 2. Reasonable endeavours have been made to ensure that the information given in these particulars is materially correct, but any intending purchaser should satisfy themselves by inspection, searches, enquiries, and survey as to the correctness of each statement. 3. All statements in these particulars are made without responsibility on the part of Listing agent or the vendor. 4. No statement in these particulars is to be relied upon as a statement or representation of fact. 5. Neither Listing agent nor anyone in its employment or acting on its behalf has authority to make any representation or warranty in relation to this property. 6. Nothing in these particulars shall be deemed to be a statement that the property is in good repair or condition or otherwise nor that any services or facilities are in good working order. 7. Photographs may show only certain parts and aspects of the property at the time when the photographs were taken and you should rely on actual inspection. 8. No assumption should be made in respect of parts of the property not shown in photographs. 9. Any areas, measurements or distances are only approximate. 10. Any reference to alterations or use is not intended to be a statement that any necessary planning, building regulation, listed building or any other consent has been obtained. 11. Amounts quoted are exclusive of Tax if applicable.
Costs and details
- Year built
- 2008
- Completion date
- 1 January 2008
Amounts come straight from the listing and may change. I verify the community statutes, IBI and actual running costs before you sign.
Investment and buyer's costs
On top of the asking price of € 280.000 you budget 12 to 14% buyer's costs in Spain: transfer tax (ITP) or IVA, notary, registration and lawyer. For this property that comes to a total investment of around € 313.600 to € 319.200. In Coín the gross rental yield on holiday lets is typically around 5 to 7%.
- Asking price
- € 280.000
- Buyer's costs (12 to 14%)
- € 33.600 – € 39.200
- Total investment
- € 313.600 – € 319.200
- Indicative gross rental yield
- 5 to 7%
Indicative. See the full buyer's costs.
Frequently asked questions
What does this warehouse in Coín cost on top of the asking price?+
Budget 12 to 14% buyer's costs on top of the asking price of € 280.000. For this property that is roughly € 33.600 to € 39.200, so a total investment of around € 313.600 to € 319.200. That covers transfer tax (ITP) or IVA, notary, registration and lawyer.
Can I buy this property from abroad?+
Yes. As your fixer, I arrange the whole process remotely: viewing (including by video), legal checks, NIE number and the transfer via a power of attorney. You don't have to travel to Spain for it.
What is the expected rental yield in Coín?+
Coín typically returns 5 to 7% gross rental yield on holiday lets, depending on location, condition and licence. I work out the yield for this specific property with you.
Am I allowed to rent this property to tourists?+
Tourist rental requires an RTA licence in Andalusia and approval under the community statutes. Not every complex allows it; I check this before the purchase so your rental plan is feasible.
Location
Warehouse in Coín, Málaga province. I know the area, visit in person and send honest images of the surroundings.
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