7 Tourist Apartments next to the beach in Fuengirola, Costa del Sol

  • 1650000.00 Euro €
  • Published date: October 19, 2020
    • Near To Beach & Port, Fuengirola, Málaga, Spain

700 m² (7534.74 ft²) commercial property for sale, just metres from the seafront, with project to construct 7 tourist or long term rental properties.

An exclusive opportunity to acquire a large, entire ground floor, commercial property with the possibility to convert into a real money maker! The premises can be easily converted into 7 individual apartments for rental income.

This impressive premises occupies the entire block of the ground floor, 700 m² in total: useful: 400 m² (4306 ft²) and with a private 300 m² (3230 ft²) of patio.

The property is located on the corner of two streets, and a few metres from the famous Paseo Marítimo (seafront) of Fuengirola. The area is popular and busy with a high demand for tourist and long term rentals.

The premises are sold ready to commence remodelling works for the apartments (estimated 3 months to complete). Plans, designs, budget, projected income and timeframe for all remodelling works can be provided upon request.

However, if you wish to keep the premises for commercial purposes, the property has recently been fully refurbished and comes equipped with industrial smoke outlet and air conditioning throughout the premises. It has an opening license for restaurant and bar, serving alcohol.

Additionally, the entire basement can be acquired for private client parking.

A potential ROI of 8.4% p/a!

Details

TypeFor sale
Property typeApartment
Num. Rooms7
Num. Bathrooms7
StatusNew construction
Square Meters700
Square Meters (total)700
Num. Floors1
ZoneCentre

Other characteristics

  • Air Condition
  • Terrace
  • New
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