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Ground Floor Apartment in Malaga - Centro

Malaga - Centro, Malaga, Málaga About Malaga
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320,000
93 m2
SPCRM2639

Unique Development opportunity in Calle Carreteria, Centro Historico for 1 or 2 Loft style apartments

Exceptional returns potential with this unique commercial property, strategically located in the heart of Malagas Centro Historico on Calle Carreteria. With a new residential license granted in 2024, this property offers the exciting prospect of conversion into one or two highly desirable loft-style apartments.

Calle Carreteria is rapidly evolving, emerging as a vibrant hub within Malagas historic core. This prime location is poised for significant growth, attracting a discerning clientele seeking contemporary urban living amidst the citys rich heritage. Investing now allows you to capitalize on the areas upward trajectory, ensuring substantial appreciation and a strong return on investment.

The proposed loft-style apartments will cater to the increasing demand for modern, open-plan living within Malagas historic district. These sought-after properties will appeal to a diverse demographic, including young professionals, digital nomads, and savvy investors seeking premium rental income.

Strategic Location: Situated on Calle Carreteria, a street experiencing rapid revitalization and increased foot traffic.
Development Potential: Previously licensed commercial space, offering the opportunity to create one or two stylish loft-style apartments.
High Rental Demand: Malagas Centro Historico commands premium rental rates, ensuring a robust income stream.
Strong Capital Appreciation: Benefit from the areas ongoing development and rising property values.
Flexible Layout: Design freedom to create unique and desirable living spaces.
Historic Charm, Modern Appeal: Blend the character of the historic building with contemporary design elements.
Excellent ROI: A compelling investment opportunity with significant potential for both rental income and capital growth.

Building

  • Construction year 1930
  • 93 m² built
  • Floor 3
  • Levels 1
  • 0 bedrooms
  • 0 bathrooms

Views

  • Street View
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Property advisor, Paul Allan Radcliffe
Calculator for costs
Buying a property
Price 320,000
ITP TAX 7% 22,400
Notary & land registry % 3,200
Lawyer % 3,200
Total cost estimate: 348,800
This is an estimate. Send this calculation to my email:

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