An attractive investment opportunity for your future on the Costa del Sol

€990,000
  • 7 Rooms
  • 3 Bedrooms
  • 3 Bathrooms
  • ~260 m² Total surface
  • ~208 m² Living area
  • ~80 m² Plot surface
  • ~60 m² Terrace surface

Description

An attractive investment opportunity for your future on the Costa del Sol This property offers a rare opportunity to combine a sound investment with a high quality of life in one of Andalusia’s most sought-after locations. Situated in the picturesque white village of Frigiliana, just around 50 minutes from Málaga International Airport, this fully renovated multi-unit property offers sustainable rental potential. The property comprises three separately usable residential units as well as an additional commercial unit in the form of an established takeaway ice cream parlour. A valid licence for tourist rentals is in place, allowing for immediate continued operation without the need for additional approval procedures. Two of the units are designed as apartments with separate bedrooms, whilst the third unit is a studio. All apartments feature modern bathrooms, open-plan kitchens with high-quality appliances, and air conditioning with heating and cooling functions. The technical infrastructure has been completely renewed (electrical wiring, water pipes, double glazing), meaning there is no immediate need for further investment. The central location on the main road ensures high visibility and easy access. The property is complemented by a communal roof terrace offering unobstructed panoramic views of the village, mountains and sea. An additional sun terrace is already in the planning stage and offers further potential for value appreciation. The financial performance is particularly noteworthy: The property achieves an occupancy rate of over 80% with excellent ratings on relevant platforms (Airbnb: 4.97 / Booking.com: 9.5). The sale includes all licences, established online presences (websites, social media) and the ice cream parlour’s full inventory. Trained staff can be taken on as an option, ensuring a seamless transition. Conclusion: A high-yield, ready-to-operate investment in a prime location with additional development potential.
Features
Air-conditioningBuilt-in kitchenPatioSea/Lake viewTerraceFireplaceGreen viewMountain viewOpen view
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Engel & Völkers Málaga

Your advisor: Sabine Klostermann

Property ID: W-049AHA

Property details
  • Object type

    Terraced house

  • Rooms

    7

  • Bedrooms

    3

  • Bathrooms

    3

  • Number of Floors

    2

  • Total surface

    ~260 m²

  • Living area

    ~208 m²

  • Plot surface

    ~80 m²

  • Terrace surface

    ~60 m²

  • Flooring

    Laminate, Stone

  • Building Restrictions

    None

Energy efficiency information
  • Energy efficiency class

    D

  • Energy certificate available

    Yes

  • Energy certificate type

    Consumption certificate

  • Final Energy Consumption

    115 kWh/m²a

  • Type of heating

    Radiator

  • Energy source

    Heat pump

  • Energy includes hot water

    Yes

Location: Frigiliana, Andalusia

Frigiliana is a municipality in the province of Málaga, in the autonomous community of Andalusia, situated in the Axarquía region – the easternmost part of the province – and forming part of the judicial district of Torrox. This charming white village stands out for its beauty and uniqueness, having been the first in the province to be awarded, in 2015, the title of one of Spain’s Most Beautiful Villages. The heart of Frigiliana is its old town, known as the Barribarto, which has been declared a Historic-Artistic Site as it represents one of the purest examples of Arab architectural heritage in the region. Its narrow, cobbled streets, adorned with flowers and white façades, create a unique atmosphere that attracts visitors all year round. In addition to its rich history, Frigiliana offers an interesting blend of traditional flavours and local crafts, reflecting its cultural identity. The town’s shops are mainly craft-based and are concentrated on Calle Real and Calle San Sebastián, where you will also find supermarkets, pharmacies and shops selling everyday essentials to meet the needs of residents and visitors alike. In terms of access, Frigiliana is well connected: from Málaga, it can be reached by car in approximately 50 minutes, or you can take a bus to Nerja and, from there, change to a local bus that goes directly to the town. All this makes Frigiliana an accessible and attractive destination on the Costa del Sol.

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