Unique Building in Malaga, Malaga - Centro

Property description

If you’re looking for a secure, profitable, and hassle-free investment in Málaga, this 18th-century building, perfectly restored in 2019, is the ideal choice. Located in the iconic Lagunillas neighborhood in the heart of the old town, it combines the charm of a historic construction with all the comforts of modern living. Most importantly, it comes with a pre-existing tourist license, allowing you to operate without restrictions in a market where new licenses are no longer being granted.

A significant advantage of this property is that its comprehensive reconstruction has already been carried out in full compliance with Málaga’s strict urban planning and historical preservation regulations. This complex and costly process has been entirely resolved, meaning the buyer can bypass the lengthy bureaucratic hurdles and immediately enjoy the rewards of a turnkey investment.

With a total built area of 247 m² spread across three floors and a penthouse, the property is designed to maximize rental profitability. On the ground floor, you’ll find an independent studio alongside a private garage—a rare feature in Málaga’s old town. This garage can be kept as a premium amenity that enhances the value of the main apartment or converted into an additional studio to further increase rental capacity and profits.

The first floor features two spacious and bright studios separated by a hallway with an exterior balcony. The upper floors showcase a stunning loft-style space with high exposed concrete ceilings and large windows, offering a sense of openness and abundant natural light. The loft includes a balcony-fronted living room, a fully equipped American-style kitchen, and access to a private terrace with panoramic views of Gibralfaro Castle and Málaga Cathedral. The penthouse level hosts a bedroom, a guest bathroom, and an installation room, creating a unique and luxurious experience for guests.

This property seamlessly blends original details with modern finishes: 58 cm thick stone walls, restored hydraulic tile flooring in the main hall, porcelain floors throughout the rest of the building, underfloor heating, and iroko wood windows with climalit glazing. Each room is independently climate-controlled via FanCoil units, ensuring year-round comfort. Additionally, there is space reserved for the installation of an elevator, offering further value and convenience for future guests.

The location is unbeatable for tourists: just a short walk from Teatro Cervantes, Plaza de la Merced, the Alcazaba, the Roman Theatre, and Málaga Cathedral. The Malagueta Beach and Muelle Uno marina are only a 15-minute stroll away, while the surrounding area is filled with top-tier restaurants, local markets, and shops that cater to both visitors and daily life.

Málaga is a year-round tourist destination with excellent international connections, including direct flights to over 100 European cities. In a market where new tourist licenses are no longer issued, this property represents a unique opportunity to invest in a thriving and proven business with immediate profitability. With the comprehensive restoration already completed to historical preservation standards, the hard work has been done for you. Simply buy, manage, and start earning.