Apartment in Málaga Ref R5343937
Costa del Sol
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Investment Highlights Prime location in Málaga Historic Centre, steps from Calle Marqués de Larios and Málaga Cathedral. Three fully operational tourist apartments with active tourist licence. Proven annual net rental income exceeding €100,000. Current net yield above 6%, with potential for enhanced returns through active asset management. Turnkey investment with immediate income from completion. Established short-term rental operation with consistent occupancy history. Property Overview Located on the prestigious Calle Strachan in the heart of Málaga's historic centre, this unique investment property offers investors the opportunity to acquire a fully operational hospitality asset in one of Southern Europe's strongest tourism and lifestyle markets. The building was originally constructed in 1906 and comprehensively renovated in 2007. It comprises 181 m² of built area divided into three independent tourist accommodation units: two studio apartments and one one-bedroom apartment, all operating under a valid tourist rental licence. The property combines authentic Andalusian architectural character with modern rental functionality. Features include high ceilings, large traditional windows with original shutters, abundant natural light and a charming internal courtyard, creating a distinctive guest experience that consistently appeals to international visitors. Investment Potential Málaga continues to rank among Spain's most sought-after destinations for tourism, remote working and international investment. The property's central location places guests within walking distance of the city's key attractions, restaurants, cultural landmarks, retail areas and transport connections. The asset currently generates more than €100,000 per annum in net holiday rental income, delivering a proven net yield exceeding 6% based on the asking price. For investors seeking: Income-producing real estate in Spain Short-term rental investment opportunities Licensed tourist accommodation assets Heritage property investments Passive income opportunities in Málaga High-demand hospitality assets on the Costa del Sol This property offers a rare combination of historic character, operational performance and long-term investment potential in one of Spain's most resilient real estate markets.
At 8.033 € per m² built, this listing sits 53% above the median asking price for apartments in Málaga on our books — 5.234 € per m² across 154 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 apartments in Málaga, ordered by how near they sit to this asking price.
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