Real Estate sales on Costa del Sol in Malaga Spain

Investment apartment block Malaga

17, Calle Fernán Núñez, Parque Ayala, Carretera de Cádiz, Málaga, Málaga-Costa del Sol, Malaga, Andalusien, 29002, Spanien

Featured, Off market

€9,000,000 price

Property ID:

HIM9236

Featured

Bedrooms

144

Bathrooms

Garage

Year Built

2005

Area

6000 m2 oprox

Lot Size

- -

Description

Investment apartment block Malaga

Rare opportunity to buy a investment apartment block Malaga

Full apartment block with 60 apartments in Malaga close to public transport, beach, amenities, center

12 2 bedrooms

12 1 bedrooms

58 parking spaces and storage

2 commercial units of 300 m2 each

Possible to build 2 penthouses on the rooftop or a swimming pool and terrace for the tenants and get approx. 100€ more in rent from every apartment per month

200 meters to the beach

5 minutes walk to the train station and 10 minutes walk to Calle Larios the main pedestrian street in Malaga

Muelle 3 (pier 3) has been approved and will be build just down by the harbour, which means when finished there will be a 15-20% increase in the price per m2 in the area

There is also the possibility of doing holiday rentals, we have a Danish rental company that are ready to do management and rentals of the apartment block and target the scandinavian market for guests

When fully rented long term the yearly rental income will be approx. 700,000€

Price only 9 million €

We have more investment projects on the Costa del Sol

Malaga Holiday Homes Sales mainly have properties listed directly with the owner so we do not waste ours or the clients time with properties that is not on the market anymore for whatever reason it maybe. We focus on the client and the enquiries from the client, you will not experience us showing you villas if you are looking for an apartment. If we do not have what you are searching for we will spend time on going through the market and find the property of your dreams for you.. if possible.