House for sale – Fuengirola (Fuengirola Centro), ref R5162449

Technical Details

Amenities

Description

This is an exceptional investment opportunity to acquire a building in a prime location, just 150 meters from the stunning beaches of Fuengirola. Nestled in one of the most desirable areas along the Costa del Sol, this property is perfectly situated for both short-term and long-term rental options, making it an ideal addition to any property portfolio or an excellent candidate for a quick resale in a market that is constantly in demand.

The building boasts a well-thought-out layout consisting of three independent apartments and a storage room, providing versatility and significant rental potential. The ground floor apartment spans 66 m² and features 2 bedrooms, 1 bathroom, a cozy living room, a fully equipped kitchen, and an 11 m² patio, perfect for enjoying the beautiful Mediterranean climate. An additional 19 m² storage room is included, which could easily be transformed into a third bedroom or retained as an independent studio for added rental income.

On the first floor, you'll find a charming 1-bedroom penthouse that was renovated less than four years ago with high-quality finishes, making it a desirable living space. Currently occupied by a tenant who has not paid rent for over two years, the eviction process is underway, and it is expected to conclude later this year, presenting an opportunity for the new owner to re-establish rental income.

The standout feature of this property is the spacious duplex penthouse, measuring 135 m², offering 3 bedrooms, 2 bathrooms, a living room with a balcony, a well-appointed kitchen, a laundry room, and a terrace shared by two bedrooms. The solarium provides partial sea views, enhancing the appeal of this already attractive living space.

With a competitive price of €825,000, recently reduced from €855,000, this property offers strong investment highlights. The average price for a 2-bedroom apartment in the area hovers around €450,000, indicating significant potential for appreciation. Properties located just a short walk from the beach typically see annual appreciation rates of at least 20%, making this an attractive long-term investment.

Furthermore, current urban planning regulations allow for a maximum of three floors (ground + 2), enabling the possibility to reconfigure the building into up to six apartments, maximizing rental income and long-term value. For reference, a similar 3-bedroom apartment on the same street commands a rental price of €2,800/month, while short-term rentals can achieve around €2,800/week.

Positioned in an established area with high demand and strong appreciation potential, this building represents a unique opportunity for discerning investors and developers looking to capitalize on the thriving Costa del Sol market. If you require further information or wish to arrange a visit, please do not hesitate to contact us.

Location