Townhouse for sale in Málaga city, Málaga

Discover a unique investment opportunity with this prime property situated on a generous 2,800 m² plot, featuring a building of about 1,020 m². Ideally located near Málaga Airport, IKEA, and the Plaza Mayor shopping center, this site is also in proximity to the emerging Santa Tecla development.

The property includes 22 studio apartments and one two-bedroom unit, alongside storage and garage facilities, multiple parking spots (some covered), a pergola, a sauna house, and an area where a swimming pool once existed. Each studio is equipped with a kitchenette, private bathroom, and terrace; many boast air conditioning. The main apartment offers two terraces, a living room, kitchen, and two bedrooms.

Constructed between 1968 and 1970, the building needs renovations, presenting a fantastic opportunity for value enhancement. Currently partially rented, it generates immediate income while allowing for future improvements.

Enveloped by serene natural surroundings, the location is just 1 km from Plaza Mayor and 2 km from the beach and golf courses, with convenient access to shops and public transport. With the nearby Rojas–Santa Tecla development poised to elevate property values, this is an attractive prospect for investors seeking rental income and future growth.