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Description

This is a rare opportunity to acquire a high-potential investment property set on a 2,800 m² plot with an existing building of approximately 1,020 m², strategically located near Málaga Airport, IKEA, Plaza Mayor shopping centre, and the upcoming Santa Tecla development area.

The property comprises 22 studio apartments and one 2-bedroom apartment, along with storage and garage areas, multiple parking spaces (including covered), a pergola, a sauna house, and a former swimming pool area. Each studio includes a kitchenette, private bathroom, and terrace, with most units already equipped with air conditioning. The main apartment features two terraces, a living area, kitchen, and two bedrooms.

Built between 1968 and 1970, the building requires renovation, offering excellent value-add potential. It is currently partially rented, providing immediate income while allowing for repositioning. There is no horizontal division in place, and both the energy certificate and ITE are available.

The property is surrounded by beautiful natural surroundings, offering a peaceful and private setting, rare for such a well-connected and central location.

The location is a key highlight, just 1 km from Plaza Mayor (train and shopping centre), 2 km from the beach and golf courses, and within walking distance to shops and public transport, with excellent motorway access.

The property also benefits from the nearby Rojas–Santa Tecla macro-development, which will significantly enhance the area’s value and demand. Under UAS-2 planning regulations, there may be potential to increase buildability (subject to verification).

Overall, this is an ideal opportunity for investors seeking a project with rental income, renovation upside, and long-term growth in one of Málaga’s fastest-developing areas.

Contact us for more information or to arrange a viewing.

Features

Air Conditioning
Barbeque
Basement
Covered Terrace
Fitted Wardrobes
Near Church
Near Transport
Private Terrace
Sauna
Solárium
Storage room
Pool: Private
Close To Golf
Close To Schools
Close To Shops
Close To Town
Country Views
Garden Views
Panoramic Views
Pool Views
Urban Views

Zona

Dynamic Map

REF# R5366455

Townhouse 24 Bedrooms 23 Bathrooms in Málaga

Málaga

Beds :

24

Baths :

23

Built :

1028 m2

Plot :

2811 m2
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1.790.000 €
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Testimonials

Funda güner

We would like to thank Rishi and Zeynep from Luxsol Estates for not only helping us find a house with the features we were looking for in our search for a house in Malaga, Spain, but also for preparing all the necessary documents and notary procedures since we do not speak the language. Thanks to you, we live in peace and happiness in our house. Thank you again.

Voshmgir Daryoush

When I was searching online from Vienna for a modern apartment in Cota del Sol, I came across many real estate agents. I have written them in much detail as possible about what I am looking for and in which areas of Costa del Sol. I really noticed one of the real estate agents who replyed my questions very fast and in great detail quickly. This company was, Luxsol Estate SL managed by Mr. Rishi Kishumal. I had about 50 apartments on my list. He even came to Vienna in September 2020 to discussed some of the projects with me in very detail. During our 10-day stay in October 2020 in Fuengirola and viewing many projects that the agent showed to us my wife and I finally decided for a luxurious apartment in La Cala de Mijas. In the meantime, we have acquired another 2 apartments with his help as investment properties in the surrounding area. I also recomanded him to some family members and friend of us who also invested in 4 further apartments by his help. In the meantime we have become very good friends with each other and we recommend his company and services to any investor who wants to buy a property in the Costa del Sol region in Spain.

Azar V

We have purchased our flat in Costa del Sol through Luxol Estates SL. We are very satisfied with their services. This is a team of professionals who listens and understands their customer’s needs. Mr. Rishi, the C.E.O of the company, has many years of experience in this field, therefore he knows very well the market. On the other hand he is constantly available and ready to help. I highly recommend this company to anyone who is looking for any types of property in this region.

Natalie Ahluwalia

Rishi has been excellent from day one when he presented to us. He helped us find a ‘new build’ holiday home which is perfect for the family. Thank you very much.

Fuengirola

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