Apartment for sale in Málaga city, Málaga

Investment opportunity in the heart of Málaga city.

Turnkey price: €1,800,000

Juan de la Encina 16 is a complete building located in the Molinillo / Capuchinos area, an urban neighbourhood connected to Málaga’s historic centre and currently undergoing strong transformation. Its location offers excellent potential, close to services, restaurants, shops, public facilities, the University of Málaga and the Hospital Civil, with strong rental demand for long-term, medium-term, tourist accommodation or coliving / flex living models.

The asset comprises approximately 420 m2 built, distributed over ground floor + 4 upper levels, with street-facing façade, lift and communal terrace. It currently consists of 6 residential units —2 per floor— and a 67 m2 commercial unit on the ground floor, with potential for change of use and conversion into an additional 1 or 2-bedroom apartment, or alternatively as a shared common area in a coliving concept.

The project proposes the full transformation of the building into a boutique accommodation asset with 7 potential units, combining compact studios, a ground-floor apartment and a duplex penthouse with terrace. This configuration allows for the creation of a flexible, efficient and easy-to-manage asset, with different layouts adapted to various demand profiles such as relocated professionals, digital nomads, international students, couples, urban visitors and medium-stay tenants.

The turnkey price includes the full refurbishment and completion of the project under a premium, efficient and contemporary concept. Key works have already been started and include electrical installation with certification, lift, demolition, plumbing and drainage, masonry, wall preparation and suspended ceilings, together with the renovation of common areas and the optimisation of the residential units.

The proposal is designed to maximise the value of every square metre through bright interiors, carefully selected finishes, efficient kitchens and bathrooms, optimised furniture layouts and a coherent overall image. This is not simply about selling square metres, but about repositioning a complete urban building as a distinctive real estate asset, with Mediterranean design, boutique scale and strong value-generation potential.

An investment in one of the most dynamic cities in Southern Europe, ideal for investors seeking full control of the asset, centralised management, a compact product and multiple exploitation strategies: residential rental, tourist accommodation, medium-term stays or coliving.