Description

Grupo Ibercosta is proud to present a truly exceptional investment prospect in one of the most sought-after coastal destinations in Southern Spain. This is a rare opportunity to acquire an entire residential block located just 150 meters from the Mediterranean Sea and the vibrant Fuengirola Marina (Puerto Deportivo). Unlike typical apartment sales, this offer encompasses the entire building, providing a clean slate for developers or institutional investors looking to capitalize on the booming Costa del Sol real estate market.

Prime Location in Fuengirola: The Jewel of the Costa del Sol

Location is the primary driver of real estate value, and this property excels in every category. Situated in the sun-drenched south of Spain, Fuengirola has evolved into a cosmopolitan hub that blends traditional Andalusian charm with modern infrastructure. This building is positioned in a privileged enclave, offering immediate access to the town's famous sandy beaches and the bustling energy of the Marina.

Fuengirola is world-renowned for its seven kilometers of pristine coastline and its exceptional connectivity. Located just 20 minutes from Malaga-Costa del Sol International Airport and boasting its own train link to Malaga city, the area attracts a steady stream of international tourists and long-term residents year-round. Investing here means securing a foothold in a destination with high demand for both holiday rentals and high-end residential living. Within walking distance, future residents will find Michelin-star dining, boutique shopping, and a wide array of leisure activities, ensuring the long-term desirability of the project.

Detailed Project Overview and Technical Specifications

This building is currently undergoing a comprehensive refurbishment process, allowing the new owner to step into a project that has already cleared the initial bureaucratic hurdles. The structure is configured to maximize space and functionality, offering a versatile layout that caters to the modern traveler or local resident.

The project consists of a 5-unit block, currently designed to accommodate a total of 9 bedrooms and 8 bathrooms across the various levels. The architectural plans focus on optimizing natural light and ventilation, essential for the Mediterranean climate. A critical component of this investment is the submission of the Responsible Declaration (Declaración Responsable), which confirms that the works are legally sanctioned and already in progress, significantly reducing the lead time for any developer.

Furthermore, a highly valuable agreement is already in place for the installation of a modern lift (ascensor). This elevator will be shared with the adjoining building, a strategic move that not only shares maintenance costs but also drastically increases the market value and accessibility of the upper units. Accessibility is a key requirement for the high-yield holiday rental market, making this a pivotal feature for future profitability.

Strategic Advantages for High-Profitability Exploitation

This building is not just a structure; it is a business model. One of the most significant administrative advantages currently underway is the Horizontal Division (División Horizontal). Once processed, this legal status will allow the owner to sell each of the five apartments individually. This provides an excellent exit strategy for investors who wish to sell post-refurbishment rather than holding for rental income.

For those looking at long-term yields, the proximity to the sea makes this an ideal candidate for holiday rental exploitation (VFT). Fuengirola maintains high occupancy rates throughout the year, with a particularly strong peak season. The potential for capital appreciation in this specific neighborhood remains one of the highest in the province of Malaga, driven by the scarcity of entire buildings available for sale so close to the shoreline.

Flexible Acquisition Options and Pricing

Grupo Ibercosta offers two distinct pathways for acquisition, allowing investors to choose the level of involvement that best suits their portfolio strategy:

Option A: Acquisition of the Project in its Current State. Priced at €1,100,000, this option is ideal for developers who wish to take over the ongoing works and apply their own finishing touches and interior design standards. This price includes the building, the submitted permits, and the existing agreements for the lift installation.

Option B: Acquisition of the Fully Finished Project. For investors seeking a "turn-key" solution, the building can be purchased upon completion of the refurbishment for €1,450,000. In this scenario, the building will be delivered ready for immediate occupancy or rental, meeting high-quality construction standards and all modern building codes.

Contact Grupo Ibercosta Today

Opportunities to own a full block in such a strategic location are increasingly rare. Whether you are looking to expand your rental portfolio or execute a high-margin "fix-and-flip" project, this building in Fuengirola represents one of the most solid investments currently available in Southern Spain. For detailed plans, technical documents, or to arrange a private viewing of the site, please contact our dedicated agents at Grupo Ibercosta. Our team of experts is ready to guide you through every step of this lucrative acquisition.