Tag Archives: embargo

Sabadell seizes Gran Vista Marina apartment hotel in Mojácar

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Sabadell bank has seized the Gran Vista Marina apartment complex in Mojácar. It’s the very last big complex as you head out towards Sopalmo. It was originally built by Miguel Gem & Andrés García Guirao for €2,5 million euros. They later sold it to a company called Nuevo Siglo XXI, which recently went under, and Sabadell mopped up the remains. It was supposed to be an apartment hotel, and has 39 apartments and 137 hotel Continue reading Sabadell seizes Gran Vista Marina apartment hotel in Mojácar→

No bids placed at Macenas Golf auction

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The government auction of Macenas Golf was a failure today after not one person bid. Macenas Golf was up for sale with a reserve price of just €153.089, but with additional debts of some €2.8 million euros. The sale is of some 270,000 square metres of land which includes the 18 hole golf course. The land was seized after the company which built Macenas ran up large debts with the Social Security department and was Continue reading No bids placed at Macenas Golf auction→

Macenas Golf to be auctioned off this Thursday

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Playa Macenas Beach & Golf Resort will be auctioned off this Thursday by the Ministry of Employment after the complex was seized for not paying social security. The sale was going to be earlier in the year but negotiations stalled the embargo. However the government has run out of patience and ordered the sale. The reserve price on the auction is just €153.089, but the complex comes with €2.662.000 in debt which the purchaser must Continue reading Macenas Golf to be auctioned off this Thursday→

Macenas golf course to be auctioned by state for just €153,000

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Ever fancied owning an entire luxury golf course? Well, Macenas golf has been seized by the state and will be auctioned off next 19th of March, with a starting price of just €153.000. However, the purchaser will also have to face an unpaid debt with the social security office of €2,3 million, and will have to stump up the cash at some point. There are also a load of unpaid bills to Galasa, the water Continue reading Macenas golf course to be auctioned by state for just €153,000→

Massive Roquetas property auction complete failure

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There is irritation in Roquetas del Mar today, after the town hall setup an auction to flog off 64 properties, and not one person showed up to bid. The properties have all been seized by the townhall in lieu of taxes. The two biggest lots were the old Hotel Colonial at 1.6 million euros (with further taxes of 1.2 million owing) and Hotel Bellavista Mar at 14 million euros (and a further 13 million owing Continue reading Massive Roquetas property auction complete failure→