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€1,650,000

Tourist apartments

Tourist Apartments Fuengirola, Costa del Sol

Seven tourist apartments next to the beach in Fuengirola – Costa del SolLocated just a few metres from the sandy beaches of Fuengirola, an exceptional project to own a potentially very profitable, tourist rental business all in one location.The impressive premises total 700 m²: 400 m² constructed and 300 m² of private balconies & chill out area.The property occupies the entire block at ground level, on the corner of two streets, and a few metres from the famous sandy beaches of Fuengirola.The area is popular and there is always a high demand for tourist rentals.  Next to all amenities: Supermarkets, bars, restaurants, bus and train.Malaga airport is 15 minutes away by car or 30 minutes by train.The premises are sold ready to commence remodelling works (total estimated work to be completed in 3 months).Plans, designs, budget, projected income are available upon request.Technical details:- 6, one bedroom apartments with fitted wardrobes, bathroom and living room with sofa-bed (sleeps up to 4).- 1, two bedroom apartment with air fitted wardrobes, bathroom, living room with sofa bed  (sleeps up to 6).- All properties will include air conditioning and PVC blinds- The apartments will have large patio doors in the living room that can be fully opened- A communal chill-out area has been assigned where clients can have BBQs in the evenings-  A budget for the remodelling, not including furniture, has been drawn up with cost of remodelling*-  Delivery time for the remodelling: 3 months.- Based on the rental prices of tourist apartments in the immediate area for 2021, an average annual yield of approximately 10% is expected.**- There is also the possibility of acquiring the basement for client parking- Average R.O.I. is 10% *Cost is subject to investor requirements, without obligation**Detailed costing/income analysis available upon request

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