Property for sale
Málaga City, Malaga, Andalucia, Spain
£2,685,145 *
[€3,100,000]
Full Description
Excellent Investment Opportunity in Málaga East
Located in Miraflores del Palo, one of the most established and sought-after areas of Málaga East, just a short walk from the beaches of El Palo and Pedregalejo, this property enjoys a privileged setting with strong tourist and residential demand year-round. The area offers authentic local charm, a wide selection of restaurants, full services, public transport, and fast access to Málaga’s historic city center.
The property is currently operating as an active hostel, distributed across 9 guest rooms, and benefits from a communal swimming pool, a highly attractive feature within the tourist market.
The asset also offers significant upside potential and value-add opportunities, including:
• The possibility to create 3 additional rooms, increasing overall profitability.
• The option to develop a high-value communal area (coworking space, gym, wellness area, or social lounge), aligned with current trends in urban and mid-term stay tourism.
There is also the option to acquire the business transfer (traspaso) for €320,000, with a monthly rent of €10,000, allowing for immediate operation without the need to start the project from scratch.
An ideal opportunity for investors seeking a fully operational hospitality asset with growth potential, located in one of Málaga’s most promising and high-demand areas.
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