Description

Grupo Ibercosta is proud to present a versatile and highly profitable investment opportunity located in the vibrant heart of Fuengirola, Málaga. Situated on the strategic Calle Sevilla, this expansive commercial premises offers a unique combination of immediate income generation and significant long-term appreciation through its diverse development possibilities. As one of the most sought-after destinations on Spain’s sun-drenched Costa del Sol, Fuengirola continues to see a rising demand for both storage solutions and residential developments, making this property a cornerstone asset for any serious real estate portfolio.

The property spans a generous total area of 535 m², meticulously designed to maximize utility and operational efficiency. Currently, the premises are fully licensed for the operation and sale of storage units. This project includes 70 individual storage units that are already prepared for immediate commercialization, whether through direct sale to local residents or as a high-yield rental business. The storage market in the South of Spain has seen exponential growth due to the density of urban living, and this facility is perfectly positioned to capture that demand from day one.

One of the standout technical features of this property is the inclusion of a fully functional, high-capacity freight elevator. This industrial-grade lift provides seamless connectivity between the street level and the basement floor, where a large portion of the storage units are located. This infrastructure ensures that logistics and business operations are handled with ease, providing added value to both the operator and the end-user.

Prime Location in the Heart of the Costa del Sol

Location is the most critical factor in real estate, and Calle Sevilla offers an unbeatable setting. Nestled in a central area of Fuengirola, the property is surrounded by a dense network of essential services, thriving local shops, international restaurants, and primary transit routes. Fuengirola is not just a seasonal tourist destination; it is a bustling city with a year-round population and excellent connectivity to Málaga City and the international airport via the A-7 motorway and the local train line.

Being situated in the South of Spain, the area benefits from a Mediterranean climate and a constant influx of international residents and investors. This ensures that any business established here—whether it be storage, parking, or residential—benefits from a high volume of foot traffic and a consistent local customer base. For investors looking for security, the stability of the Fuengirola market remains one of the strongest in the province of Málaga.

Future Development and Value Maximization

What truly sets this property apart is its incredible versatility for future development. Grupo Ibercosta has included a comprehensive project study that outlines two transformative paths for the asset. Firstly, there is a study for a change of use that would allow for the construction of two modern residential apartments on the upper floors. Given the high demand for housing in central Fuengirola, these units would represent a premium addition to the local real estate market.

Furthermore, the project includes an alternative vision for the basement level. While currently utilized for storage, the space holds the potential to be converted into a large-scale parking facility. Preliminary studies estimate a capacity of approximately 30 to 40 parking spaces. In a city center where parking is notoriously difficult to find, the creation of a private garage of this size would result in a massive increase in the property’s capital value and provide a secondary stream of passive income.

A Secure Investment with Grupo Ibercosta

This is more than just a sale of square footage; it is the sale of a multi-faceted business model. You have the flexibility to start generating revenue immediately by utilizing the 70 licensed storage units while simultaneously processing the architectural permits for the residential conversion or the parking project. This dual-track potential minimizes risk and ensures that the asset is always working for the owner.

At Grupo Ibercosta, we specialize in identifying properties that offer more than meets the eye. This premises on Calle Sevilla is a testament to our commitment to providing our clients with high-quality, high-potential opportunities in the most dynamic areas of the Costa del Sol. Whether you are an entrepreneur looking for a turnkey business or a developer seeking your next project in the South of Spain, this property is an unmatched choice.

Detailed floor plans, technical studies, and financial projections are available upon request. We invite you to contact us today to schedule a private viewing and discover how this unique asset in Fuengirola can fit into your investment strategy. Do not miss the chance to own a piece of one of the fastest-growing coastal cities in Spain.