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Unique Building in Malaga

1 600 000 € • area 982 m² • ref.# SPCRM4024

Strand Properties Beatriz Vaca Jiménez Independent Agent
+34 687 68 05 56 whatsapp beatriz@strand.es

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Capuchinos Residences Malaga center

Malaga, Malaga - Centro, El Molinillo - Capuchinos

A new investment concept in the heart of Málaga.

Capuchinos Residences is an urban transformation project that converts a spacious commercial premises into 6 contemporary apartments and 50 high-demand storage units, located in one of the city’s most authentic and up-and-coming areas.

Situated on Carrera de Capuchinos, just a few minutes’ walk from Plaza de la Merced and the historic center, this development offers a unique investment opportunity in an area experiencing strong residential growth and excellent profitability.

🔑 Main Features

• Total built area: 982 m²

• 6 apartments from 50 – 65 m²

• 50 storage units from 5 – 12 m²

• Basic project submitted and fees paid

• Favorable change-of-use report (urban planning approval – May 2025)

• Building without community bylaws

• No parking required

• Estimated execution period: 12 – 14 months

• Value appreciation potential: +25% / +30% post-renovation

💼 Investment Options

1️⃣ Development and direct sale: immediate return once construction is completed.

2️⃣ Development and rental operation: steady income with the option for a tourist license.

3️⃣ Mixed model (rental + sale): combines annual cash flow with long-term capital gain.

📍 Prime Location

In the historic Capuchinos neighborhood — one of Málaga’s most vibrant central areas:

• Plaza de la Merced → 900 m

• Playa de La Malagueta → 12 min

• University of Málaga → 10 min

• María Zambrano Train Station → 10 min

• Airport → 15 min

An area that blends tradition, urban life, and future potential.

🧱 An Investment with Purpose

Capuchinos Residences represents the evolution of urban space — sustainable, profitable, and aligned with the new ways of living and investing.

A solid opportunity for those looking to diversify their portfolio, generate real returns, or take part in the residential development of one of Southern Europe’s most dynamic cities.

More information and complete dossier available on request.

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Basic information

  • Sijainti Malaga, Malaga - Centro, El Molinillo - Capuchinos
  • Reference number SPCRM4024
  • Huoneet Storage Room
  • Koko 982 m²
  • Area information Near Transport, Near Church, Amenities Near, Close to Children Playground, Close to Shops, Close to Town, Close to Schools
  • Kunto Renovation required

Building

  • Tyyppi Unique Building
  • Construction year 2003
  • Hissi no

Financial information

  • Listing price 1 600 000 €