Skip to main content

Lord Alan Sugar sells his luxury 12 million Euro Marbella villa











Lord Alan Sugar cashing in on the upturn of the Marbella property market. He has just sold his villa in Marbella for 11 million euros which was put on the market earlier this year for 12 million.

The Apprentice star – who has an estimated wealth of more than £1 billion, according to the Sunday Times rich list – is set to double his money. He has owned the property for the past 15 years and once the sale completes he is expected to make a profit of around 5 million euros.

It is understood that he is looking to downsize to a penthouse possibly in Spain or the U S.

The three-story villa includes a 200m2 underground car park, pool and gymnasium. There is also access to the beach and one of Marbella’s top tennis clubs.


Lord Sugar sits 101st in the Sunday Times list of wealthiest Brits, announced last month.

If you are looking for a luxury property on the Costa del Sol then click here to go to the One Marbella website which has thousands of properties in and around the Marbella area.

Comments

Popular posts from this blog

One Marbella - Property for sale Marbella

PROPERTY FOR SALE MARBELLA: Luxury complex consisting of 25.000 m2 of landscaped gardens - Breathtaking views of the Mediterranean sea - 2 and 3 bedroom apartments and penthouse duplex.

"Spain and England's World Cup Waltz: The Pinnacle Plays of the Pitch!"

 "La Roja and the Lionesses set for a Down Under Duel in Sydney! Prepare for a football fiesta as Spain's La Roja squares off against England's Lionesses at the iconic Stadium Australia this sunny Sunday, 20 August. The stakes? Just the little matter of the Women's World Cup title. For both teams, it's uncharted territory. They've danced around the finals before, but never quite made it to the last tango. Spain's road to the finals was nothing short of a nail-biter. With a thrilling 2-1 victory over Sweden, where the scoreboard remained dormant until the last 10 minutes, La Roja proved they love a little late-game drama. As for the Lionesses, they showed their mettle by taming the co-hosts, Australia, with a captivating 3-1 win. Now, with the world watching, both squads are on the prowl, each looking to pounce and claim their first-ever Women's World Cup crown. May the best team win (and the fans get to enjoy some fantastic football)!"

Sunshine, Seaside, and Financial Incentives: Property Investments Surge on the Costa del Sol Following Wealth Tax Elimination

Property investment on the Costa del Sol has grown increasingly appealing in 2024, largely attributed to its enhanced tax benefits for expatriates. One key development is the elimination of the wealth tax, which was formerly imposed on individuals with global assets over €700,000, affecting both residents and non-residents. This change has opened doors for affluent individuals considering buying properties and possibly settling in the region. This transformation is pivotal for potential investors, particularly when coupled with the area's array of tax incentives. These benefits include low inheritance or gift taxes, favourable rates for investment income and capital gains taxes ranging between 19% to 26%, and advantageous treatment of private pensions as investment income. Moreover, modifications to the Model 720 form, mandatory for declaring foreign assets over €50,000, have enhanced clarity and eased worries about hefty fines. Previously, non-compliance or errors in filing could ...