This apartment complex is located in the vibrant heart of Málaga Centro, Málaga. Currently a fixed asking price of €1,000,000, this property offers a substantial living area of 358 m². The building has undergone structural consolidation and is ready for its refurbishment and extension project, aiming to create six tourist apartments. While the planning permission is pending, the foundational work is complete, positioning this as a strategic opportunity in a developing urban area. The property's orientation benefits from both north-east and south-west light.
Compared to other residential offerings on the Costa del Sol, this property in Málaga Centro presents a distinct investment profile. Projects like Aquamar in Torre del Mar, Lantana Residencial in Mijas, and Etherna Homes 2 in Estepona typically feature ready-to-move-in apartments with established community amenities, starting from prices around €205,000 to €269,950. This Málaga Centro complex, however, is a development opportunity. Its €1,000,000 price tag is for a building requiring full refurbishment and planning approval for tourist use, distinguishing it as a project for experienced developers rather than end-users seeking immediate habitation. The urban setting of Málaga Centro offers a different lifestyle to the more resort-focused areas, emphasizing cultural immersion and city living over pure leisure. The limited supply of such development opportunities in central Málaga, especially with pre-existing structural work, positions it uniquely against more standard new-build apartment complexes.
Key characteristics of location, homes, project phase and points of attention.
Situated within walking distance of the beach, this property is embedded in a dynamic urban environment. Essential amenities like supermarkets, pharmacies, and healthcare facilities are conveniently located within a short distance, fostering a lifestyle of ease and accessibility. The immediate surroundings offer a rich tapestry of urban life, balanced with proximity to coastal leisure.
This property is suited for investors or developers seeking to capitalize on the demand for tourist accommodation in a prime urban location. Its large living area and the potential to create multiple units cater to those looking to develop a high-yield asset. The key-ready structural status provides a solid foundation for a refurbishment project aimed at maximizing rental income or resale value.
The building has completed structural consolidation, including reinforcement of walls, floor slabs, and the roof, marking significant progress on the project. While the main refurbishment and extension for the tourist apartments are yet to be fully realized, the core structure is ready. This provides a substantial head start for the next phase of development, with planning permission currently under application.
This property is currently a structural shell with completed consolidation, requiring a full refurbishment and extension project for its intended use as tourist apartments. Planning permission is still pending. It is being sold as a fixed asset with no existing fitted units for immediate habitation or tourist rental. The sale is strictly as-is, with all development risks and responsibilities falling to the buyer.
This property is suitable for developers or investors with a vision for urban regeneration and a keen interest in Málaga's thriving tourism sector. It suits those who can navigate the planning permission process and manage a refurbishment project. The location appeals to individuals or entities looking to create a high-value asset in a historically significant and commercially active district. If you are seeking an opportunity to develop a property with significant potential in a city center location, close to cultural attractions, transport links, and the coastline, this project warrants consideration. It is particularly relevant for those who understand the market dynamics of limited supply in popular urban tourist destinations.
The property has undergone essential structural consolidation, ensuring the stability of its walls, floor slabs, and roof. This foundational work represents a significant step towards realizing the project's potential. The next phase will involve the refurbishment and extension to create six tourist apartments, offering an opportunity for the new owner to define the final finishes and quality standards. While specific material details for the future apartments are not yet determined, the completed structural work provides a robust base for high-quality development, aligning with the expectations for modern tourist accommodations in a prime city location.
The property is offered at a fixed asking price of €1,000,000. This price reflects the existing structure with completed consolidation works and the potential for development into six tourist apartments. As an existing home with a development project, it is not presented as a starting price but as the definitive cost for the property in its current state. Availability is immediate, subject to the completion of the sale transaction. Interested parties are advised to act promptly due to the strategic nature of this investment opportunity.
Málaga Centro is a bustling urban core, characterized by its historic architecture, lively street life, and proximity to essential services. This location offers residents and visitors a rich cultural experience, with numerous restaurants, cafes, and shops at their doorstep. The area's accessibility is a key feature, with public transport options readily available and many amenities within walking distance. The nearby beaches, such as Playa de la Malagueta, offer a coastal escape just a short distance away. The climate is typically Mediterranean, with warm summers and mild winters, making it an attractive destination year-round. This urban setting provides a dynamic living environment, blending historical charm with modern convenience.
Living in Málaga Centro means being immersed in the pulse of a historic Spanish city. Daily life is characterized by the convenience of having numerous amenities within easy reach. Residents can walk to pharmacies, banks, and a wide array of restaurants and cafes. The proximity to healthcare facilities adds a layer of security and ease. Public transport is extensive, with numerous lines and stops facilitating movement throughout the city and beyond. The urban environment is lively, offering a constant stream of cultural events and local activities. The nearby beaches provide a natural counterpoint to the urban energy, offering spaces for relaxation and recreation.
This map highlights the urban centrality of the property within Málaga Centro. Its position emphasizes proximity to key city landmarks, transport hubs, and the coastline. The dense network of amenities and cultural points of interest visible on the map underscores the highly accessible and amenity-rich environment surrounding the development.
Approximate area · exact address shared on request
Situated in Málaga Centro, this property is at the heart of the Costa del Sol's provincial capital. Málaga city itself is a major economic and cultural hub, offering extensive amenities and a vibrant atmosphere. It lies approximately 48 km from the renowned resort town of Marbella and 89 km from Granada, a city famed for its historical Alhambra. This central position within the region provides easy access to a wide range of experiences, from the coastal resorts to the historic inland cities, making it an ideal base for exploring Andalusia.
This property offers excellent connectivity. It is located just 8.4 km, as the crow flies, from Malaga-Costa del Sol Airport (AGP), ensuring convenient travel links. Several train stations, including Atarazanas (0.3 km) and Málaga Centro Alameda (0.6 km), are within walking distance, providing regional and national connections. Public transport is abundant, with 50 lines and numerous stops serving the area, making car ownership less essential for daily mobility. Essential amenities like a supermarket are a mere 293 meters away, and a hospital is situated just 277 meters from the property. Several pharmacies and banks are also within very close proximity. For leisure, the nearest beach, Playa de la Malagueta, is approximately 822 meters away, with other beaches like Playa de San Andrés within 2.1 km.
| Beach Distance | 2 km |
| Malaga-Costa del Sol (AGP) | 8 km |
| Gibraltar (GIB) | 104 km |
| Atarazanas | 0.3 km |
| Málaga Centro Alameda | 0.6 km |
Source: OpenStreetMap, Google Maps
Málaga enjoys a Mediterranean climate, with average monthly temperatures ranging from 12°C in winter to 27°C in summer. The average annual temperature is around 19.5°C, contributing to a long swimming season of approximately six months when water temperatures exceed 20°C. The city's coastal location at an elevation of just 9 meters above sea level means it experiences mild winters and warm, sunny summers. The region benefits from a high number of annual sunshine hours, typical of the Costa del Sol. While this property is in an urban setting, the nearby coastline offers natural beauty and a connection to the sea.
Source: Open-Meteo (2020–2025 average)
The property's location provides convenient access to Málaga's coastline. Playa de la Malagueta, a popular urban beach, is just 822 meters away. Further options include Playa de San Andrés (2.1 km) and Playa de los Baños del Carmen (3.3 km). While not directly adjacent to golf courses, several are within driving distance, including Club de Golf Málaga Parador at 8.5 km. For sports enthusiasts, local sports centers like Centro Municipal de Ajedrez and Centro Wellness are located within 0.9 km. The city also boasts marinas, such as IGY Málaga Marina (0.5 km), offering nautical activities.
Source: OpenStreetMap
| Month | Avg. Temperature | Rainfall |
|---|---|---|
| January | 12.5°C | 62 mm |
| February | 13.2°C | 56 mm |
| March | 14.9°C | 66 mm |
| April | 16.9°C | 41 mm |
| May | 19.8°C | 23 mm |
| June | 23.6°C | 4 mm |
| July | 26.1°C | 0 mm |
| August | 26.7°C | 3 mm |
| September | 23.8°C | 25 mm |
| October | 19.9°C | 61 mm |
| November | 15.8°C | 77 mm |
| December | 13.4°C | 88 mm |
Flat
Ref: VL900460
Source: Wikipedia, Wikidata, INE, Junta de Andalucía
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