This spacious townhouse in Vélez-Málaga presents an exceptional opportunity for those seeking a property with history and potential. Spanning 602 m² across two floors plus terraces, it offers ample space for diverse transformations. The ground floor currently serves as parking for 9 cars and 10 motorcycles, and houses an old, well-preserved olive oil mill, adding a distinctive historical element. Located in the heart of a vibrant city, this property provides a solid foundation for a new chapter on the Costa del Sol.
Key characteristics of location, homes, project phase and points of attention.
Situated in the urban centre of Vélez-Málaga, this property offers direct access to local amenities. Just 5.1 km from the beach and 37 km from Málaga Airport, the location combines urban convenience with proximity to the coast and transport hubs. A car is recommended for optimal exploration of the region.
This property is ideally suited for developers, investors, or individuals with a vision. The existing layout, with extensive parking and the historic olive oil mill, provides a distinctive base for redevelopment into, for example, a boutique hotel, apartment complex, or a distinctive residential home.
The property is currently ready in its construction phase. The focus here is on the renovation and redevelopment of existing structures. The spaces offer the flexibility to be reconfigured and finished entirely according to personal vision and preference, while preserving historical elements.
This property requires significant renovation and adaptation to meet modern living standards. The historic nature of the olive oil mill may entail specific structural and aesthetic considerations. The property is offered unfurnished, and the kitchen is unfitted.
Ref: VL767125
Source: Wikipedia, Wikidata, INE, Junta de Andalucía
This property suits an investor looking for a real estate project with historical value and significant development potential in Andalusia. It is an suitable opportunity for those wishing to create a boutique hotel, a series of apartments, or a distinctive family home, preserving the existing structure and the old olive oil mill. It also offers the necessary space and flexibility for a buyer willing to renovate and design a home to their own taste. The central location in Vélez-Málaga, with amenities within walking distance and proximity to the coast, makes it attractive to a broad audience seeking the authentic Spanish lifestyle.
The property, with a built area of 602 m², requires extensive renovation. The ground floor, measuring 325 m², is currently set up as parking and includes an old olive oil mill with well-preserved machinery. The first floor comprises 277 m² plus terraces. The current condition (Condition: Fair, Renovation Required, Restoration Required) implies that all finishes, from flooring to sanitary ware and kitchen, need to be reinstalled. This provides a blank canvas for achieving a high-quality finish of your choice.
This distinctive townhouse in Vélez-Málaga is for sale starting from €480,000. Given its size of 602 m² of living space and its distinctive character with a historic olive oil mill, this price represents significant potential for redevelopment. It is the only property of its type and size in the indicated price range in the immediate vicinity. The property is currently ready, implying the structure is in place and the focus is on internal transformation and finishing.
Vélez-Málaga is a historic city with a lively urban core, located in the Axarquía region of the province of Málaga. It offers an authentic Spanish lifestyle, away from the busier coastal resorts, yet with the coast within easy reach. With 86,048 inhabitants and a wide array of amenities such as restaurants, pharmacies, banks, and schools, it is a dynamic environment. The proximity to beaches like Playa de La Caleta (5.1 km as the crow flies) and efficient infrastructure, including 12 public transport lines and 21 stops, make daily life comfortable. The city combines historical charm with the dynamism of a growing region, making it an attractive location for residents and visitors alike.
Living in Vélez-Málaga offers an experience of authentic Spanish city life, combined with the advantages of proximity to the Costa del Sol. The city itself provides a wide range of amenities within a 2 km radius, including 15 restaurants, 12 pharmacies, 11 banks, and 8 cafés. Schools and health centres are plentiful. Its inland location, at 59 meters above sea level, offers a different perspective from the immediate coastline, with views of mountains and countryside. The historic city centre invites exploration, while the proximity to the coastline (approx. 5 km) ensures recreational opportunities.
This townhouse is located in the centre of Vélez-Málaga, a historic town in the Axarquía region. The location offers direct access to urban amenities and an authentic Spanish city life, with the beaches of the Costa del Sol a short distance away.
Vélez-Málaga, the capital of the Axarquía comarca, is strategically located within the province of Málaga, forming part of the broader Costa del Sol region. It serves as the administrative centre for surrounding municipalities and offers an urban hub with a rich history. Compared to more tourist-centric coastal towns like Marbella or Torremolinos, Vélez-Málaga provides a more authentic Spanish experience, combined with urban amenities and a relatively quieter living environment, while keeping the coastline and Málaga's international airport within easy reach.
The accessibility of this townhouse in Vélez-Málaga is generally good. Málaga Airport is approximately 37 km away as the crow flies, implying a travel time of about 45 minutes by car. Various beaches, such as Playa de La Caleta, are around 5 km away. For daily needs, a supermarket (273 m) and pharmacy (122 m) are within walking distance. The proximity of 12 public transport lines with 21 stops offers alternative mobility options. Golfers have a choice of several courses, with the nearest one 35 km away.
| Malaga-Costa del Sol (AGP) | 37 km |
| Gibraltar (GIB) | 132 km |
Source: OpenStreetMap, Google Maps
Vélez-Málaga enjoys a Mediterranean climate with an average annual temperature of 19.1°C. The region boasts an impressive average of 3,902 sunshine hours per year, ensuring a long period of pleasant outdoor weather. The swimming season extends over approximately 6 months, with water temperatures typically remaining above 20°C. Its location at 59 meters above sea level, offering mountain views, provides a rural and natural setting, while the nearby coast adds maritime influences. The varying slopes in the area contribute to the diverse landscapes.
Source: Open-Meteo (2020, 2025 average)
Although Vélez-Málaga is inland, several popular beaches are a short distance away. Playa de La Caleta and Torre del Mar (both with promenade) are approximately 5 km away as the crow flies and have been awarded a Blue Flag, signifying high environmental standards and facilities. Water sports opportunities are abundant. For other recreational activities, the city offers 140 sports facilities, including sports centres with swimming pools and paddle tennis courts within a few kilometres. The proximity of golf courses, such as Club de Golf Málaga Parador at 35 km, completes the recreational offerings.
140 Facilities Available
Source: Blue Flag 2026, OpenStreetMap, CSD
Vélez-Málaga, the capital of the Axarquía comarca, is strategically located within the province of Málaga, forming part of the broader Costa del Sol region. It serves as the administrative centre for surrounding municipalities and offers an urban hub with a rich history. Compared to more tourist-centric coastal towns like Marbella or Torremolinos, Vélez-Málaga provides a more authentic Spanish experience, combined with urban amenities and a relatively quieter living environment, while keeping the coastline and Málaga's international airport within easy reach.
Vélez-Málaga, locally known as Vélez, is a municipality, the capital of the Axarquía comarca in the province of Málaga, in the Spanish autonomous community of Andalusia. Vélez-Málaga is the headquarters of the Commonwealth of Municipalities of Costa del Sol-Axarquía. The municipality forms part of the Costa del Sol region.
| Month | Avg. Temperature | Rainfall |
|---|---|---|
| January | 12.0°C | 65 mm |
| February | 12.3°C | 63 mm |
| March | 14.6°C | 60 mm |
| April | 16.5°C | 42 mm |
| May | 18.6°C | 33 mm |
| June | 22.9°C | 10 mm |
| July | 26.8°C | 0 mm |
| August | 27.3°C | 1 mm |
| September | 23.6°C | 13 mm |
| October | 19.5°C | 45 mm |
| November | 15.4°C | 77 mm |
| December | 12.6°C | 66 mm |
This property in Vélez-Málaga distinguishes itself from projects like Lagos Homes and Lavanda Villas, also located in Vélez-Málaga, through its size and historical component. While Lagos Homes (from €480,000) and Lavanda Villas (from €399,950) likely represent more traditional homes or new construction projects, this townhouse offers a distinctive redevelopment opportunity with its historic olive oil mill. Compared to Acqua Gardens in Estepona (from €418,800), which likely focuses on a more contemporary coastal residential lifestyle, this property positions itself as an investment opportunity for those seeking a large-scale project with character in a more authentic Spanish urban setting, rather than a beachfront new development. The price range is comparable to the other Vélez-Málaga options, but the nature of the real estate is significantly different.
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