This project, situated in the vibrant heart of Málaga Centro, presents an exceptional opportunity for investors. It features a 225 m² property with an approved project and valid licenses to divide it into four independent apartments. One apartment is already fully finished and furnished, offering immediate rental possibilities. The remaining three units are in a shell state, allowing the new owner the flexibility to complete them according to their vision and rent them out. The location guarantees consistent demand due to its proximity to amenities and tourist attractions.
Compared to the presented projects like Acqua Gardens in Estepona (from €418,800), Aby Upper in Estepona (from €320,000), and Alba Benalmadena in Benalmadena (from €699,000), this project in Málaga Centro is positioned in a higher price bracket. This is justified by its exceptional central location in a major city, existing permits for subdivision and tourist rentals, and the potential for immediate income from the already finished unit. While the Estepona and Benalmadena projects focus on new construction in more residential or tourist coastal areas, this offering provides a unique investment opportunity in the urban commercial and cultural heart of the Costa del Sol. The emphasis here is on maximizing returns through short-term rentals in an area with constant demand, as opposed to the typical residential new-build sales along the coast.
Key characteristics of location, homes, project phase and points of attention.
The property is strategically positioned in an urban core, within walking distance of the beach and numerous amenities. This central location facilitates an active lifestyle where many destinations are reachable on foot or by bicycle. The proximity to public transport and the airport enhances accessibility for both residents and tourists.
This project is designed with a focus on rental potential, specifically for short-term rentals. The four individual apartments, each approximately 40–45 m², with the option to use one as an office, cater to the demand for flexible living and accommodation options in a dynamic city.
The project is undergoing a redevelopment phase, transforming an existing property into four self-contained living units. One apartment has already been renovated and is immediately habitable, while the other three units are in the construction phase and await completion.
The project is primarily aimed at investment purposes with a focus on rental income. It does not offer specific facilities such as communal gardens, swimming pools, or private entertainment areas typically found in residential new-build projects further from the city center.
This project is worth considering for investors seeking a property with a directly rentable portion and the potential for further development. It is also suitable for entrepreneurs looking for a strategic location for both their business and a base for short-term rentals, benefiting from the permanent tourist license. Large families wishing to create a spacious home while having the option to rent out parts may also find it advantageous. The location in the historic center, combined with urban amenities and proximity to the sea, appeals to enthusiasts of a dynamic, urban lifestyle.
The already completed apartment features high-quality finishes, including indirect lighting and designer furniture, creating a modern and luxurious ambiance. The layout comprises an open-plan American kitchen, a spacious living room, and a large walk-in closet. Comfort is further enhanced by electric blinds, air conditioning, and heating. For the three units still to be completed, the structural elements are in place, offering the buyer the flexibility to adapt the finishes and layout to specific requirements, whether for rental or personal use.
The property is offered at €1,250,000, which includes a parking space and a storage unit. This price reflects its prime location in central Málaga and the approved project for four apartments with rental licenses. Without the parking space and storage unit, the price can reportedly be adjusted to €1,400,000. The ability to start renting immediately in one finished apartment, combined with the potential for substantial monthly rental income (up to €10,000 when all four units are rented out), positions this as an investment with an attractive return.
This project is located in the lively center of Málaga, an environment characterized by urban dynamism and direct access to various amenities. Daily routines here are shaped by the proximity of shops, restaurants, cultural attractions, and the beach, all within walking distance. The presence of 372 restaurants, 99 pharmacies, and 152 cafes within a 2 km radius highlights the bustling nature of the area. This makes the location highly suitable for those who prefer city life with all conveniences at their fingertips, favoring mobility on foot or by bicycle over a car. Living in the center of Málaga offers a constant connection to the local culture and the city's daily activity, with the sea and beach as a nearby relaxation option.
The surroundings of this project in Málaga Centro offer a direct connection to city life. Amenities such as a supermarket (293 m), hospital (277 m), pharmacy (171 m), and an EV charging station (507 m) are reachable within minutes on foot, significantly easing daily life. Culture and recreation are also within reach, with attractions like Mirador de la Alcazaba (0.5 km) and sports centers such as Forus Trinidad (0.9 km). The proximity to the beach, with Playa de la Malagueta just 822 meters away as the crow flies, provides a maritime escape in the heart of the city.
This project is located in the historic center of Málaga, a dynamic urban area known for its cultural heritage and lively atmosphere. The map highlights the immediate proximity to key landmarks, shops, and the beach, emphasizing the ultimate urban lifestyle with coastal access.
This project is situated in the vibrant heart of Málaga city, a strategic position within the broader Costa del Sol region. It places residents in close proximity to all urban facilities, cultural events, and the lively atmosphere Málaga has to offer. The location contrasts with the more residential or resort-oriented areas found further along the coast, offering an authentic urban living experience with the Mediterranean Sea as its backyard.
This apartment project excels in urban accessibility. Playa de la Malagueta beach is only 822 meters away as the crow flies. Málaga-Costa del Sol Airport (AGP) is approximately 9 km away as the crow flies, making international travel easy. Public transport is well-organized with 50 bus lines and stops within reach, and the Atarazanas (0.3 km) and Málaga Centro Alameda (0.7 km) train stations offer connections further afield. Golf courses like Club de Golf Málaga Parador are located about 8.5 km away. The central location ensures that most daily necessities, from groceries to medical care, can be handled on foot or by bicycle.
| Beach Distance | 2.1 km |
| Malaga-Costa del Sol (AGP) | 9 km |
| Gibraltar (GIB) | 104 km |
| Atarazanas | 0.3 km |
| Málaga Centro Alameda | 0.7 km |
Source: OpenStreetMap, Google Maps
Málaga enjoys a Mediterranean climate with an average temperature of 19.4°C and 3,893 sunshine hours per year, resulting in a pleasant living environment for most of the year. The swimming season extends over six months, thanks to water temperatures regularly exceeding 20°C. Situated at 24 meters above sea level, the location benefits from its proximity to the coast. The slope towards the nearest beach, Playa de San Andrés (2.1 km), is very gentle at 1.1%, contributing to its accessibility and comfort.
Source: Open-Meteo (2020–2025 average)
The location offers direct access to Málaga's coastline. Besides the nearby Playa de la Malagueta (822 m), Playa de San Andrés (2.1 km) and Playa de los Baños del Carmen (3.3 km) are also within a short distance. For golf enthusiasts, several courses are available in the vicinity, including Club de Golf Málaga Parador (8.5 km). Various sports centers, such as Forus Trinidad (0.9 km), provide opportunities for physical activity within the urban setting.
Source: OpenStreetMap
This project is situated in the vibrant heart of Málaga city, a strategic position within the broader Costa del Sol region. It places residents in close proximity to all urban facilities, cultural events, and the lively atmosphere Málaga has to offer. The location contrasts with the more residential or resort-oriented areas found further along the coast, offering an authentic urban living experience with the Mediterranean Sea as its backyard.
| Month | Avg. Temperature | Rainfall |
|---|---|---|
| January | 12.0°C | 62 mm |
| February | 12.3°C | 64 mm |
| March | 14.4°C | 53 mm |
| April | 16.3°C | 36 mm |
| May | 18.5°C | 33 mm |
| June | 22.6°C | 7 mm |
| July | 26.1°C | 1 mm |
| August | 26.4°C | 2 mm |
| September | 23.1°C | 9 mm |
| October | 19.3°C | 52 mm |
| November | 15.4°C | 77 mm |
| December | 12.7°C | 71 mm |
Flat
Ref: VL686809
Source: Wikipedia, Wikidata, INE, Junta de Andalucía
Maiko is a real estate expert specializing in the Spanish property market. With in-depth knowledge of the Costa del Sol, Costa Blanca, and other popular coastal regions, he helps buyers find the right property. He analyzes offerings based on location, market value, build quality, and livability, providing honest, data-driven advice throughout the entire purchasing process.
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