Seven tourist apartments next to the beach in Fuengirola – Costa del Sol
Located 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.
- 6, one bedroom apartments with fitted wardrobes, bathroom and living room with sofa-bed (sleeps up to 4). Constructed sizes range from 52,1 m² up to 57,1 m²
- 1, two bedroom apartment with air fitted wardrobes, bathroom, living room with sofa bed (sleeps up to 6). Constructed size: 62,62 m²
- 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