Description

Income-Producing Investment Building in Marbella Old Town

Discover a rare opportunity to acquire an entire four-storey Apartment Complex in the heart of Marbella's historic Old Town. Situated just steps from the picturesque Plaza de los Naranjos and the Church of La Encarnación, this prime location places you less than a five-minute stroll from the beach, blending convenience with culture.

This Apartment Complex boasts a generous 333 m² of built area, offering existing income streams with significant potential for repositioning and value creation. The ground floor features an approximately 100 m² commercial unit, currently leased to a reliable third-party tenant who has operated here for 16 years, generating steady annual rental income.

On the top floor, you will find a penthouse that includes a valid short-term rental licence (VFT/MA/04059). This penthouse has successfully operated on Airbnb for 11 years, boasting Superhost status and an impressive rating of 4.94 out of 5 from 175 reviews, making it a proven income generator.

Additionally, this Apartment Complex benefits from an impressive rooftop terrace of around 100 m², which is not included in the registered built area. The first and second floors provide approximately 201 m² of additional space with considerable renovation and optimisation potential, allowing for either residential use or the possibility of converting into an accommodation project, such as a hostal or boutique hotel, subject to necessary

approvals.

This investment opportunity comes with key features, including income-generating operations from day one, no community fees, and a licensed tourist penthouse with a verifiable operating history. The strategic location within one of Marbella's most sought-after tourist areas enhances the appeal for investors looking for an urban asset with existing income and the potential for improved returns over the medium term.

Embark on your journey to invest in this remarkable Apartment Complex, but ensure that any proposed conversions and investment projections undergo the appropriate technical, planning, legal, and financial due diligence.