Description

Grupo Ibercosta is proud to present a truly exceptional investment opportunity in one of the most vibrant and rapidly growing areas of Southern Spain. This spectacular, fully renovated building is located in the absolute center of Estepona, strategically positioned at the intersection of Jesús Cautivo Street and the iconic Calle Terraza. For those seeking a turnkey business with a high yield and a privileged location, this property represents the pinnacle of real estate potential on the Costa del Sol.

Unbeatable Location in the Garden of the Costa del Sol

Estepona, often referred to as the Garden of the Costa del Sol, has undergone a magnificent transformation over the last decade, becoming a premier destination for international tourists and investors alike. Situated in Southern Spain, this coastal gem combines traditional Andalusian charm with modern infrastructure. This specific building enjoys a location that is second to none. It is situated right next to Calle Terraza, the city's most bustling commercial and social artery, ensuring a constant flow of foot traffic and visibility.

Residents and guests are just a short two-minute stroll from the famous Estepona Orchidarium, a botanical landmark that draws thousands of visitors annually. Furthermore, the pristine Mediterranean beaches of Estepona are only a four-minute walk away, allowing guests to transition from the historic town center to the seaside in moments. This proximity to both cultural landmarks and the coastline makes it an unbeatable choice for short-term holiday rentals.

Exquisite Architectural Design and Modern Renovations

This impressive building spans a total constructed area of 667 square meters according to the land registry. The structure is intelligently distributed over a ground floor, three additional levels, and an expansive rooftop solarium that offers panoramic views of the surrounding urban landscape. The entire property has undergone an exhaustive renovation process, ensuring that it meets the highest modern standards while maintaining its architectural integrity.

The renovation work included a complete overhaul of the building’s essential infrastructure, including entirely new electrical systems and plumbing. The interiors of the apartments have been finished with high-quality materials, contemporary fixtures, and a bright, airy aesthetic that appeals to the modern traveler. The building currently holds a valid tourist license, allowing for immediate operation and income generation from the day of acquisition.

Detailed Apartment Layouts

The property comprises six independent apartments, each measuring approximately 68 square meters. These units have been designed with comfort and functionality in mind. Each apartment features two spacious and remarkably bright bedrooms, providing ample space for families or groups of friends. The heart of each unit is the open-plan kitchen, which flows seamlessly into a cozy dining area and a living room bathed in natural light.

Every apartment boasts its own private terrace with direct views of the historic Jesús Cautivo Brotherhood and the lively Calle Terraza. The units located on the first floor offer the additional luxury of private interior patios, providing a quiet retreat from the city’s energy. The combination of modern open layouts and traditional outdoor spaces makes these apartments highly desirable in the competitive tourist rental market.

Commercial Versatility and Practical Amenities

The ground floor of the building offers significant value-add potential. It currently houses two commercial units that have not yet been renovated. One is currently utilized as a storage space, while the other serves as a professional laundry facility to support the building’s tourist operations. Because of their prime street-front location, these units could easily be transformed into retail boutiques, cafes, or offices, providing an additional stream of rental income or increasing the overall resale value of the asset.

Practicality is key in Estepona’s city center, and this property delivers. It offers on-street parking right outside the entrance, a rare find in historic districts. Additionally, two major public parking facilities are located within a two-to-five-minute walk, offering exceptionally low rates of one euro per day and two euros per night. This ease of access is a major selling point for guests traveling by car.

A Secure and Profitable Investment with Grupo Ibercosta

This building is currently operating with strong, demonstrable income, proving its viability as a high-performing business. The property already possesses Horizontal Division and independent title deeds for the units, offering maximum flexibility for the future owner should they wish to sell individual apartments or maintain the entire building as a single investment holding.

At Grupo Ibercosta, we understand that location and quality are the pillars of a successful real estate acquisition. This building in Estepona offers both in abundance. Whether you are looking to expand your hospitality portfolio or secure a landmark property in one of Spain's most popular coastal cities, this "Golden Opportunity" is not to be missed. Contact us today to arrange a private viewing and discover the full potential of this magnificent Estepona estate.