Málaga Apartment Complex R5338399
Discover a unique Málaga apartment complex with commercial income, renovation potential, and stunning rooftop views in the historic centre.
Description
Located on one of the most picturesque streets in Málaga's historic centre, Calle San Juan, this characterful building presents a rare combination of immediate income and exceptional development potential. With its rooftop offering stunning views of the magnificent tower of the Church of San Juan, the Apartment Complex encapsulates the timeless charm of Málaga's old town.
The ground floor is fully activated with two street-facing commercial units: a charming café and a luggage storage shop, both catering to the steady influx of visitors in the area. These businesses are currently operational and together generate a significant annual return based on their leases extending to 2033, ensuring a strong, secure income from day one.
Above the commercial units, the upper floors encompass approximately 42 m² each and are currently configured into three rooms with potential for a bathroom per level. While these floors require full renovation, they boast wonderful original features that could be expertly restored.
Beautiful original Málaga tiles, some authentic doors and windows, and charming shutters could be transformed into distinctive living spaces.
With thoughtful design, these floors could evolve into stylish apartments, boutique rentals, or even an elegant duplex residence. The rooftop terrace is nothing short of spectacular, offering breathtaking views of the historic tower of the Church of San Juan. This outdoor space presents significant opportunities for value enhancement, whether as a private terrace, rooftop lounge, or unique entertaining area.
This is an investment opportunity not to be overlooked for a buyer with vision and creativity. It offers guaranteed returns from the outset and exciting possibilities for value creation in a vibrant historic city renowned for its rich culture, stunning architecture, and lively lifestyle.
Gallery
Details
- Property ID: R5338399
- Price: €1,295,000
- Built Area: 150 m²
