House in Álora Ref R5026951
Alora · Inland Málaga
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Unique investment property in the heart of Álora - ideal for tourist use!
Are you looking for a special investment in sunny Andalusia? Then this impressive building of no less than 1,100 m², located in the historic centre of Álora, is exactly what you are looking for. Its strategic location and generous layout make this property the ideal location for a boutique hotel, B&B or apartment complex.
Layout and possibilities
The building extends over five floors and features 14 rooms, 8 bathrooms, 5 kitchens and 2 spacious terraces with stunning views of Álora's charming old town. The cellar and authentic wine cellar not only offer character, but also numerous possibilities as storage, wellness area or cosy communal area.
Location with potential
Located just a few steps from the town hall and surrounded by cosy squares, shops and restaurants, here you are right in the middle of Álora's life. Moreover, the famous hiking trail Caminito del Rey and the impressive El Torcal Natural Park are nearby - absolute attractions for tourists all year round.
Moreover, thanks to the train station a 10-minute walk away, you can reach the centre of Málaga and the international airport in less than 40 minutes. This makes this property extra attractive for both short and longer stays.
In short: a unique property with huge commercial potential in a prime location. Ready to make your tourist dream come true
At 452 € per m² built, this listing sits 79% below the median asking price for houses in Álora on our books — 2.118 € per m² across 18 listings.
Those are asking prices from our broker feed, not sold prices. Agreed figures on the Costa del Sol routinely land below asking, and the gap moves with the area and with how long a property has been on the market. We wrote about that difference in asking versus sold price.
The closest 6 listings we hold for houses in Álora, ordered by how near they sit to this asking price.
Every viewing is in person, with a senior member of our team. We come prepared with the building check, comparable transactions, and our honest read.