Marbella properties seized by the state are set to rake in millions as they go under the hammer this month.

<div dir="ltr" style="text-align: left;" trbidi="on"> <div class="zemanta-img" style="text-align: left;"> <a href="http://commons.wikipedia.org/wiki/File:Puerto_Ban%C3%BAs_Marbella.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img alt="English: Puerto Banús, Marbella, Spain" border="0" class="zemanta-img-inserted zemanta-img-configured" height="263" src="//upload.wikimedia.org/wikipedia/commons/thumb/5/51/Puerto_Ban%C3%BAs_Marbella.jpg/350px-Puerto_Ban%C3%BAs_Marbella.jpg" style="border: none; font-size: 0.8em;" width="350" /></a></div> <br /><br /> Marbella properties seized by the state  are set to rake in millions as they go under the hammer this month.<br /><br />The properties – worth a combined €3.5 million – are up for auction after they were seized in separate drug-bust operations.<br /><br />They include a two-storey underground car park on Calle Tamon Gomez de la Serna and a luxury home in the Don Gonzalo urbanisation.<br /><br />The car park is valued in excess of €2 million, while the house is expected to fetch at least €1.2 million.<br /><br /><br />However, a bargain buy may still be on the cards as government rules state bids can start at 60% of the listed prices.<br /><br />The proceeds will go towards further drug investigations and the sale could outstrip the total amount raised in drug-busts in Malaga from 2010 to 2013.<br /><br />During that time 13 properties, 41 vehicles, 32 boats and seven pieces of jewellery brought in a total just under €2 million at auction.<br /><br />The auction will take place at the National Drug Plan office in Madrid on April 23, though bids are due at the office by April 16.<div> <br /></div> </div>

Marbella properties seized by the state are set to rake in millions as they go under the hammer this month.

 Marbella properties seized by the state  are set to rake in millions as they go under the hammer this month. The properties – worth a co...

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