House for sale – Málaga, ref R5366455

Technical Details

Amenities

Description

This is a rare opportunity to acquire a high-potential investment property set on a generous 2,800 m² plot, featuring an existing building of approximately 1,020 m². Strategically located near Málaga Airport, IKEA, and the bustling Plaza Mayor shopping centre, this property is poised for growth, especially with the upcoming Santa Tecla development area promising to enhance the locality further.

The property currently comprises 22 studio apartments and one spacious 2-bedroom apartment, catering to a diverse range of potential tenants. Each studio is designed for comfort and convenience, equipped with a kitchenette, private bathroom, and a terrace, allowing residents to enjoy the pleasant Mediterranean climate. Most units already feature air conditioning, ensuring a comfortable living environment year-round. The main apartment, ideal for an owner-occupier or a premium rental option, boasts two terraces, a spacious living area, a kitchen, and two well-appointed bedrooms.

Originally built between 1968 and 1970, this building presents a unique opportunity for renovation, enabling investors to unlock its full potential and significantly increase its value. Currently, it is partially rented, generating immediate income while providing a platform for repositioning and modernisation. The absence of horizontal division allows for flexible development options, and both the energy certificate and ITE are readily available, simplifying the due diligence process for prospective buyers.

Surrounded by beautiful natural landscapes, the property offers a tranquil and private setting, which is a rare find in such a well-connected and central location. The benefits of this prime location cannot be overstated, with Plaza Mayor just 1 km away, providing easy access to public transport and a variety of shopping options. The stunning beaches and renowned golf courses are only 2 km from your doorstep, making it an attractive choice for those seeking a vibrant lifestyle.

Moreover, the property stands to benefit from the nearby Rojas–Santa Tecla macro-development, which is set to significantly boost the area's value and demand, making now an opportune time to invest. Under UAS-2 planning regulations, there may also be potential to increase buildability, offering even more possibilities for growth, pending verification.

In summary, this property represents an ideal opportunity for investors looking for a project with immediate rental income, renovation upside, and long-term growth potential in one of Málaga's fastest-developing areas. Contact us for more information or to arrange a viewing and explore the possibilities this exceptional investment offers.

Location