Apartment for sale – Torremolinos, ref R5431705

Technical Details

Amenities

Description

This is an exceptional investment opportunity featuring an approximate 10% gross yield in the heart of Torremolinos, one of the Costa del Sol's most desirable rental markets. For savvy investors seeking immediate rental income, this property presents an enticing option.

Available for sale is a spacious 96 m² commercial premises situated on the ground floor, currently adeptly configured and operated as two independent residential units. These units generate a robust total rental income of €1,650 per month, translating to an impressive annual yield of €19,800.

The property, priced at €199,000, is not only a financial asset but also boasts a layout that maximizes functionality. It features two independent entrances, allowing for privacy and versatility.

Unit 1 is a charming one-bedroom apartment that features a comfortable living and dining area, a fully equipped kitchen, a separate bedroom for restful nights, and a well-appointed full bathroom. Unit 2 is an inviting studio apartment, designed with an open-plan living and sleeping area, a fully equipped kitchen complete with a breakfast bar for casual dining, and a full bathroom along with an additional guest toilet, ensuring convenience for all guests.

This property is in good overall condition and comes fully furnished, allowing for a seamless transition for new owners or tenants. Additional features include air conditioning for comfort during the warm months and access to communal gardens and a swimming pool within the residential complex.

It is essential to note that the property is legally registered as a commercial premises, currently configured for residential use. While it operates as two self-contained units, prospective buyers should verify any potential change of use with the relevant authorities and technical advisors.

Located on Calle Loma del Colegial, the property is nestled within a well-established residential area of Torremolinos, providing excellent access to an array of amenities. Residents can enjoy a short walk to the town center, where they will find supermarkets, schools, pharmacies, and various shops. The nearby C-1 commuter train station offers direct connections to Málaga and Fuengirola, while Málaga International Airport is less than 10 minutes away, making this location highly attractive for both long-term and short-term rental opportunities.

With strong and consistent rental demand in this vibrant area, this property represents a rare chance to acquire an income-producing asset in a strategic Costa del Sol location. Don’t miss out on this opportunity to secure a valuable addition to your investment portfolio.

Location