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Investment opportunity! Private building for sale
Ideally located in the center of one of the most sought after village of the Costa del Sol, this building has an enormous potential, mixing commercial units and apartments. The property is at 200 meters far from the beaches and chiringuitos. Right down the property, you will find trendy restaurants and shops, pharmacy, beauty salons, banks, transports, free parking spaces and all amenities. It takes 25 minutes to drive to the international airport of Malaga.
The building is on a 220m2 lot and features three floors with the possibility to build an extra one. On the ground floor, there are 220m2 with different commercial units, currently open for business, one studio of 26m2 and a storage unit. From this floor, there is the space for a lift which can go to the top of the building. On the first floor, there is an apartment 190m2 plus 12 m2 of terrace. This features one living room with fireplace, 2 kitchens, 4 bedrooms, 2 bathrooms and a laundry room. On the second floor there is an apartment of 65m2 with a beautiful and spacious terrace from where you have a glimpse of the sea. Up this floor, it is possible to build an extra floor, from where the views will be amazing.
The all building is to be restored. The apartments are old and need some refreshments. This property has an enormous potential as for a hotel boutique or apartments. Plans and a feasibility study has been done and this is what can be done: On the ground floor, keep the commercial units that are working very well and all year long. On the first and second floor: it is possible to build 4 apartments on each floor. All of them will feature one living room with open kitchen, one bedroom and one bathroom. They will measure from 45m2 to 57m2. It is possible to build a fourth floor and have 2 penthouses, each one with one living room with open kitchen, 2 bedrooms, one bathroom and each penthouse with big terraces (42m2 and 48m2). The project will then count: three commercial units and 10 apartments.
This property is a unique opportunity not to be missed! Call us today for a private tour!
Property type | Investment property |
Lot size | 220m2 |
If certain characteristics are not displayed, you can always contact the seller. |