Description

Grupo Ibercosta is proud to present a unique investment opportunity located in the heart of Las Lagunas, one of the most vibrant and rapidly developing areas in the South of Spain. This substantial building offers a versatile combination of residential units and commercial spaces, making it an ideal choice for investors looking for high rental yields or a full renovation project in a high-demand Mediterranean location. This property stands as a solid construction with a total of eight residential dwellings and two commercial premises, perfectly positioned to take advantage of the thriving local economy.

The building is set on a plot with a registered area of 218.73 square meters, while the cadastral records indicate a slightly larger surface of 224 square meters. The architectural design maximizes the available space, occupying a footprint of 197.28 square meters, complemented by a 21.45-square-meter interior patio that ensures natural light and ventilation reach every level. The total closed constructed area of the entire building reaches an impressive 774.08 square meters, distributed across four main levels and a walkable roof terrace.

Detailed Distribution and Layout

The Ground Floor serves as the main entry point for the entire complex. It features a spacious entrance hall and a centralized vertical communication staircase that provides access to the upper levels. On this floor, you will find two commercial premises that benefit from direct street access and high visibility, alongside the residential entrance. Additionally, the ground floor houses two residential units. The total closed area on this level is 197.28 square meters, plus the open interior patio of 21.45 square meters. The common areas, including the portal and staircase, account for 17.53 square meters, while the residential portion covers 179.75 square meters.

Moving to the upper levels, the First and Second Floors follow a similar architectural pattern. Each of these floors houses two distinct residential units: one designed with two bedrooms and the other with three bedrooms. The first floor offers a constructed area of 206.30 square meters, with 194.85 square meters dedicated to the two apartments and 11.45 square meters for the staircase. Both units on the first floor benefit from open terraces totaling 6.50 square meters. The second floor replicates this layout exactly, providing two spacious dwellings of two and three bedrooms respectively, also featuring 6.50 square meters of terrace space.

The Third Floor provides a slightly different configuration, offering a more exclusive feel. The closed constructed area on this level is 164.20 square meters. It contains two residential units spanning 152.75 square meters. The standout feature of the third floor is the significant outdoor space, boasting two large open terraces with a total area of 28.30 square meters, perfect for enjoying the warm climate of Southern Spain. Finally, the building is crowned with a communal walkable roof terrace, or solarium, which offers panoramic views of the surrounding neighborhood and serves as a perfect area for sunbathing or social gatherings.

Prime Location in Las Lagunas

Location is paramount in real estate, and this building is situated in Las Lagunas, a strategic hub within the Costa del Sol. This area is known for its excellent connectivity, being just a short distance from the stunning beaches of Fuengirola and the sophisticated lifestyle of Mijas. Las Lagunas is a bustling community with a high demand for both long-term and short-term rentals. Residents here enjoy proximity to a wide range of services, including supermarkets, health centers, schools, and the popular Miramar Shopping Centre.

Investing in the South of Spain means investing in a lifestyle characterized by over 300 days of sunshine a year. The building is conveniently located for those who work in the surrounding coastal towns, and the local transport links make it easily accessible from Malaga International Airport. Whether you are looking to manage a portfolio of rental apartments or develop a boutique residential project, this building in Las Lagunas offers the scale and location necessary for success.

Key Features and Specifications

This property is equipped with essential features to ensure comfort for its residents. All kitchens within the residential units come fully equipped, and Air Conditioning (A/C) systems are installed throughout to manage the Mediterranean summer temperatures. It is important to note that the building currently does not have an elevator; however, the centralized staircase is wide and allows for comfortable vertical communication. The inclusion of a solarium and multiple open terraces adds significant value, providing the outdoor living space that is highly sought after in the Spanish real estate market.

At Grupo Ibercosta, we believe this building represents a rare find in today’s market. With 722.20 square meters of residential space and a total of 41.30 square meters in private terraces, the potential for customization and modernization is immense. Contact us today to arrange a viewing and explore the possibilities of this magnificent property in Las Lagunas.