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Property details
- Property ID: CDS08715
- Price: € 199,000
- Built Size: 95m
- Bedrooms: 2
- Bathrooms: 2
- Property Type: Ground Floor Apartment
- Kitchen: Fully Fitted
- Pool: Communal
- Views: Street
- Garden: Communal
- Parking: NO PARKING
Setting
- Town
Description
## INVESTMENT OPPORTUNITY WITH APPROX.
10% GROSS YIELD IN TORREMOLINOS
An excellent opportunity for investors seeking immediate rental income in one of the Costa del Sol's most sought-after rental locations.
For sale: a 96 m² commercial premises on the ground floor, currently configured and operated as two independent residential units, generating a total rental income of €1,650 per month.
### INVESTMENT HIGHLIGHTS
* Asking Price: €199,000
* Current Monthly Rental Income: €1,650
* Annual Rental Income: €19,800
* Approximate Gross Yield: 9.95%
### CURRENT LAYOUT
The property benefits from two independent entrances and is currently arranged as two self-contained units:
**Unit 1 – One-Bedroom Apartment**
* Living and dining area
* Fully equipped kitchen
* Separate bedroom
* Full bathroom
**Unit 2 – Studio Apartment**
* Open-plan living and sleeping area
* Fully equipped kitchen with breakfast bar
* Full bathroom
* Additional guest toilet
### FEATURES
* 96 m² built area
* Ground floor location
* Two independent entrances
* Two fully equipped kitchens
* Two full bathrooms and one guest toilet
* Air conditioning
* Sold fully furnished
* Good overall condition
* Residential complex with communal gardens and swimming pool
### IMPORTANT INFORMATION
The property is legally registered as a COMMERCIAL PREMISES and is being sold in its current legal and planning status.
Although it is currently configured and rented as two residential units, no official change of use to residential has been granted.
Any future application or possibility for a change of use should be independently verified by the purchaser with the relevant authorities and technical advisors.
### LOCATION
Located on Calle Loma del Colegial, in a well-established residential area of Torremolinos with excellent access to all amenities.
* Walking distance to Torremolinos town centre
* Close to supermarkets, schools, pharmacies and shops
* Near the C-1 commuter train station
* Direct train connection to Málaga and Fuengirola
* Less than 10 minutes from Málaga International Airport
* Area with strong and consistent rental demand
A rare opportunity to acquire an income-producing asset with proven rental returns in a strategic Costa del Sol location.
If your target audience is mainly international investors, I would even make the headline stronger: **"10% Gross Yield – Income Producing Asset in Torremolinos"**, as yield is usually the first metric investors focus on.
Features
- Lift
Location
- Area: Costa del Sol
- Town: Torremolinos
About:
Torremolinos (Spanish pronunciation: [toremoˈlinos]) is a municipality in Andalusia, southern Spain, west of Málaga.
A poor fishing village before the growth in tourism began in the late 1950s, Torremolinos was the first of the Costa del Sol resorts to be developed and is still the most popular in the region.
On the western shore of the Bay of Málaga and in front of the Sierra de Mijas 13 km (8 miles) from Málaga, it is served by the A-7 motorway, which bypasses the city to the north, the Cercanías commuter train and Avanzabus.
In 2013, it had 69,389 inhabitants, making it the sixth largest city in the province.
The township has an area of 20 km2 (7.7 sq mi).
Areas of the town are dotted with older high-rise residential buildings and hotels, but height limitations on new developments and a significant number of original old town properties have kept the town centre much more open than other popular resorts such as Benidorm and Fuengirola.
As the name Coast of the Sun implies, Torremolinos has long, dry summers with relatively low humidity, and mild winters with occasional, though heavy, rainfall.
The town benefits in the summer from cool sea breezes predominantly coming from Africa, although this does mean a fair amount of Sahara dust.
Temperatures normally hover around 30 °C (86 °F) in the summer and 17–19 °C (63–66 °F) in the winter.
Torremolinos sometimes experiences a sea fog that goes as quickly as it appears.
The beach, which extends for nearly eight kilometres (five miles), has cycle and skating lanes alongside the fully illuminated promenade and features many chiringuitos (beach bars/restaurants).
The eastern end of the beach, known as Los Álamos, has live dance music events throughout the summer.
The easternmost parts of the beach have kitesurfing and windsurfing except under the flight path of the airport.
In addition to its tourism sector, Torremolinos is known locally for its vibrant and liberal nightlife, particularly its numerous bars and clubs catering to the LGBT community.
Torremolinos co-hosted World Pride in 2017 in conjunction with Madrid and holds its own Pride in June, now the third largest in Spain.