Ground Floor Apartment·Ref R5343937

3-Bed Ground Floor Apartment in Malaga - Centro, Costa del Sol€1,695,000

€1,695,000
  • 3 beds
  • 3 baths
  • 211 m² built

About the residence

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 Over view 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.

Features

Specification

Views
Urban
Furniture
Fully Furnished
Climate
Air conditioning

Highlights

  • Lift
  • Fitted Wardrobes
  • Close To Port
  • Close To Shops
  • Close To Schools

Highlights continued

  • Near Transport
  • Near Church
  • Fiber Optic
  • Telephone

Setting

  • Close To Port
  • Close To Shops
  • Close To Schools
  • Near Transport
  • Near Church

Views

  • Urban

Interior

  • Lift
  • Fitted Wardrobes

Climate Control

  • Air Conditioning

Utilities

  • Fiber Optic
  • Telephone

Furniture

  • Fully Furnished

Location

Malaga - Centro

The exact position of this residence is shared on enquiry. Meanwhile, read how the surrounding area lives.

Browse area guides →

The numbers

The numbers on this home.

A working estimate of purchase costs and mortgage payments for this residence. All values indicative — we'll walk you through the exact figures for your situation.

Spanish mortgages are denominated in euros

Purchase costs

Transfer tax (ITP, 7%)
€118,650
Notary & land registry (≈0.75%)
€12,713
Legal fees (1% + VAT)
€20,510
Purchase costs (~10–12%) details
€151,872

Good to know

Purchase costs are payable on completion, in addition to the price. Resale homes carry transfer tax; new builds carry VAT and stamp duty. Notary, registry and legal fees apply either way — and a mortgage adds an arrangement fee of roughly 1.5% of the loan.

Guide only — figures are indicative and vary with the individual transaction and lender. We'll walk you through the exact costs for this residence.

Mortgage

€508,500

Minimum 30% for non-residents

Maximum term depends on your age — typically the mortgage must end by age 75.

3.20%

Variable rate (Euribor + margin) — currently around 3.2% via our mortgage partner.

Deposit
€508,500
Loan amount
€1,186,500
Arrangement fee (1.5% of loan)
€17,798
Monthly payment
€5,751

Total cash required

€678,170

Monthly payment

€5,751

Continue Browsing

Similar homes.