LORD Alan Sugar is currently in the process to downsizing to a penthouse apartment once spinning a tasty profit on his luxury Marbella villa.
The World Health Organization Apprentice star is currently valued at over £1 billion, claims the Sunday Times rich list – and is due to double his wealth, sixteen years since purchasing the one,604m2 beachside plot for around €5 million.
The €11 million offer has been accepted on the stunning six-bedroom home, it has been disclosed, with the deal ‘being completed within the next few weeks’.
This means that the East-End Apprentice star is due to clear a great profit of approximately €5 million.
A inside source with intimate knowledge of the deal confirmed: “The deal is progressing well, it\’s currently simply a matter of finishing the documentation.
“Alan can probably downsize to a penthouse apartment, perhaps in Spain, however another option is in the US.”
The clients identity for obvious remains is still unknown however, it is understood that he is of German nationtality,and has bought through a joint deal with company Engel & Volkers.
The villa which has three levels, that went on the market earlier this year valued at €12 million, includes a 200m2 underground parking area, pool and gymnasium.
There is additional access to the beach and one among Marbella’s prime tennis clubs.
Lord Sugar ranks 101st within the Sunday Times list of wealthiest Brits, it was stated last month.
Real Estate News - Marbella, Spain 