Commercial property in Malaga, Spain 1984 sq.m. No. 181287

Property description

Project for a building with tourist apartments for sale. Turnkey handover.

Plot located in the area of El Palo in Malaga city, 250 meters from the beach. A prime location due to its high visibility for business and its proximity to the seafront promenade and amenities.

According to the project there will be 37 units (2-key category), as well as reception/bar-café on the ground floor, swimming pool and communal facilities on the roof.
Total built area – 1.984,45 m2.

Building permit is already granted. Construction period is about 20 months.
Expected profitability is 6.57%.

* The photo does not correspond to reality.