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Touristic project in the historic district

House, Rent | Spain, Costa del Sol, Málaga Este, Centro histórico
Total Rent-Icon
6,050 EUR
Approx. 6,998 USD
Total Rent
Total Surface Area-Icon
6,015.2 sqft
Total Surface Area
Lot Size-Icon
1,087.15 sqft
Lot Size
Total Rent-Icon
6,050 EUR
Approx. 6,998 USD
Total Rent

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What you should know about this detached house


Amenities and special features of this detached house

Five-storey building plus a terrace roof, perfect for the hotel and catering industry. Due to its privileged location in the most touristic and sought-after area of Malaga (it is less than 50 metres from “Plaza de la Constitución” and “Calle Larios”), the property is a unique opportunity to carry out a successful project. It is available for long-term rent (up to 15 years) in order to make the investment profitable.

Since it was built in the 60’s, there has been either an office or a flat per floor, so a transformation is required. To that end, the owners have a building adaptation project at the tenant’s disposal, making it possible to build two apartments per floor, three bedrooms with a built-in kitchen or four double bedrooms (each with an en suite bathroom).

Without a doubt, what makes this property unique is its terrace roof. Located in an area where the average height of buildings is three floors high, the terrace (situated 2/3 floors above the rest) turns it into an extraordinary viewpoint of Malaga with 360º views of the entire city (the cathedral, Alcazaba, Gibralfaro etc).

In conclusion, this building is a great opportunity to develop a reliable accommodation project with a bar on the terrace roof.


Centro histórico: Location and surroundings of this property

The building is located in Santa María Street, area that must be crossed to reach the Thyssen Museum touristic itinerary- “Plaza de la Constitución”, cathedral and Picasso Museum.

In the last decade, Malaga has turned into the Spanish capital city with the highest growth rate both in the number of tourists and overnight stays.

Therefore, the city (already famous thanks to its beaches, the mildness of its climate and the nature of its people), has become a world-renowned hallmark in the premium sector as a consequence of the spectacular restoration and value enhancement of the historic district. Malaga has also grown stronger as a cruise ships city (with its new marine terminals), and it is important to highlight its shops, restaurants and cultural offer (there are more than 40 museums: Picasso, Thyssen, Pompidou Centre, the State Russian Museum etc).

In spite of what has been said, the offer of whole buildings used as hostels or holiday apartments is not high (as most of the holiday apartments already existing in the city are isolated units).


Contact your personal advisor
Engel & Völkers Málaga East
  • Serinter Servicios Inmobiliarios, S.L.
  • License partner of Engel & Völkers Residential GmbH
  • Sabine Klostermann
  • C. Sebastián Souvirón 8 (junto Plaza Félix Sáenz)
  • 29005 Málaga
  • Phone: +34 951 956 922
  • Cell: +34687518413
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Disponibilidad a acordar. Engel & Völkers recomienda contratar un abogado especializado para verificar el estado legal de la construcción. Los datos expuestos son ofrecidos por terceros, meramente informativos y se suponen correctos. Engel & Völkers no garantiza su veracidad. La oferta se sujeta a errores y a cambios de precio o retirada del mercado previo aviso de la propiedad. Los gastos de transmisión patrimonial, IVA, notario y registro corren a cargo del comprador y no están incluidos en el precio indicado en este anuncio. Los gastos de comisión corren a cargo del vendedor. Está oferta estará vigente hasta el 31 de Diciembre del presente año.

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