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Title: Marbella properties seized by the state are set to rake in millions as they go under the hammer this month.
Author: Fraser Trevor
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 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...
English: Puerto Banús, Marbella, Spain


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

The properties – worth a combined €3.5 million – are up for auction after they were seized in separate drug-bust operations.

They include a two-storey underground car park on Calle Tamon Gomez de la Serna and a luxury home in the Don Gonzalo urbanisation.

The car park is valued in excess of €2 million, while the house is expected to fetch at least €1.2 million.


However, a bargain buy may still be on the cards as government rules state bids can start at 60% of the listed prices.

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.

During that time 13 properties, 41 vehicles, 32 boats and seven pieces of jewellery brought in a total just under €2 million at auction.

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.

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