Description

Grupo Ibercosta is proud to present a truly unique investment opportunity in the heart of Estepona, one of the most vibrant and rapidly growing gems of Southern Spain. This property represents a strategic entry into the competitive Costa del Sol real estate market, offering a blend of immediate development potential and significant long-term capital appreciation. Situated in a prime urban location, this townhouse is perfectly positioned for investors looking to capitalize on the region's booming rental demand.

This sale is structured as a Bare Ownership (Nuda Propiedad) transaction with specific advantageous conditions. The current owner, a 92-year-old resident in delicate health, will retain a lifetime usufruct exclusively over the ground floor of the property. This unique arrangement allows the buyer to acquire the entire building at a price significantly below market value while gaining immediate possession and total creative control over the upper floor and the expansive rooftop area.

Strategic Layout and Architectural Potential

The property sits on a substantial 121 m² plot with a total existing construction of 223 m² distributed over two levels. Under its current configuration, the building is held under a single deed, simplifying the acquisition process and minimizing administrative overhead such as the annual property tax (IBI). The architectural integrity of the building provides a solid foundation for a comprehensive modernization project.

The upper floor, which is currently available for immediate refurbishment, offers a spacious footprint that can be easily reorganized into two independent, modern apartments. By initiating these renovations today, an investor can begin generating rental income almost immediately. Once the usufruct on the ground floor concludes, the same process can be applied to the lower level, eventually resulting in a high-performing complex of four independent residential units.

A standout feature of this property is the 121 m² rooftop terrace. In Southern Spain, where the Mediterranean climate offers over 300 days of sunshine per year, outdoor living space is a highly coveted luxury. This rooftop presents a blank canvas to create a stunning communal solarium, a chill-out zone with panoramic views of the town, or even private terrace extensions for the upper-level apartments, significantly boosting the property's market appeal and rental price point.

Prime Location: The Heart of the Costa del Sol

Location is the primary driver of value in real estate, and this property excels in every category. Located in the center of Estepona, the building is just a few minutes’ walk from the famous La Rada beach, known for its golden sands and pristine waters. The surrounding neighborhood is a charming blend of traditional Andalusian aesthetics and modern Mediterranean convenience.

Future tenants will be steps away from the picturesque Old Town (Casco Antiguo), renowned for its flower-filled streets and vibrant plaza life. The area is surrounded by a wealth of amenities, including high-end restaurants, local boutiques, supermarkets, and essential services. Estepona has recently undergone a major transformation, earning its reputation as the "Garden of the Costa del Sol," making it a magnet for international tourists and digital nomads seeking a high quality of life.

Unmatched Financial Projections and Investor Advantages

From a financial perspective, the numbers are highly compelling. The conservative estimated rental income for a renovated apartment in this specific area of Estepona starts at approximately €1,100 per month. Once the full project is completed and all four apartments are operational, the property is expected to generate a gross monthly income exceeding €4,400. This represents an exceptional yield compared to traditional residential investments in the region.

The advantages for the investor are clear: a significantly reduced purchase price due to the partial usufruct, the ability to start generating ROI immediately through the upper floor, and the long-term benefit of a single property deed which streamlines management. This is a rare chance to secure a large asset in a premium coastal location with a clear path toward high-density rental income.

Conclusion: A Secure Future with Grupo Ibercosta

This property is more than just a building; it is a scalable business opportunity in one of Europe’s most desirable coastal destinations. Whether your goal is a high-yield holiday rental portfolio or long-term residential stability, this Estepona townhouse offers the versatility and location required to succeed.

At Grupo Ibercosta, we specialize in identifying high-potential assets that offer unique advantages to our clients. This investment provides a perfect balance of immediate utility and future growth. We invite you to contact our expert team for a detailed consultation, financial breakdown, and to arrange a private viewing of this exceptional Estepona gem. Secure your place in the sun and your future in the Spanish real estate market today.