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Nerja, Málaga, Andalusia, Spain

€1,050,000
Competa Properties S.L., Malaga
PROPERTY TYPE

Town House

BEDROOMS

8

BATHROOMS

5

SIZE

6,415 sq ft

596 sq m

Key features

  • Investment opportunity
  • Renovation project

Description

INVESTMENT OPPORTUNITY

Welcome to a unique investment opportunity in the heart of Nerja's vibrant Plaza de la Ermita. This expansive building, boasting four floors and a captivating solarium terrace, awaits its next visionary owner. Each level of this property presents a canvas for diverse ventures, set against the backdrop of Nerja's picturesque village, majestic mountains, and the glistening Mediterranean Sea.

Nestled centrally in Nerja, this property is a prime prospect for investors seeking a transformative project. The building's layout is thoughtfully designed, with a basement, ground-floor commercial space, two distinct residential flats on the upper levels, and a crowning terrace offering panoramic views.

The ground floor stands out with its former commercial space, once a bustling bar complete with a kitchen, bar area, two toilets, and storage facilities. This versatile area presents a myriad of possibilities, whether as the future lobby of a business or the charming restaurant hub of a hotel or boutique accommodations. A staircase from this level leads to the basement, a spacious 107m2 area awaiting conversion into a playground, gym, or any communal space envisioned.

Ascending from the ground floor, a staircase unveils two separate, equally spacious residences spanning 146m2 each. Each unit features four bedrooms, a shared bathroom, expansive living rooms with street-view balconies, kitchens, and quaint internal courtyards. The first dwelling is move-in ready, while the second offers exciting potential with its partially finished state.

The journey culminates on the rooftop terrace, a serene escape boasting stunning vistas. Here, a utility-equipped laundry room adds convenience, presenting an opportunity to create a communal oasis or a charming summer terrace for guests to unwind and savor the views.

With a total construction area of approximately 596m2, including the 107m2 basement, 108m2 ground floor space, and two 146m2 residences, the property offers ample room for creative ventures.

Nerja, a perennial Spanish gem, attracts countless visitors each year. Coupled with the building's prominent location amidst continuous pedestrian traffic, this property emerges as the gateway to a venture brimming with potential and assured profitability.

This property invites exploration to fully appreciate its vast potential and myriad investment avenues. Contact us today for an exclusive viewing, and embark on your journey towards a thriving business venture in Nerja's beating heart.

Nerja, Málaga, Andalusia, Spain

Approximate location

NEAREST AIRPORTS

Distances are straight line measurements
  • Málaga(International)
    34.2 miles
  • Almería(International)
    85.3 miles
  • Gibraltar (North Front)(International)
    91.4 miles

Advice on buying Spanish property

Learn everything you need to know to successfully find and buy a property in Spain.

About Competa Properties S.L., Malaga

Competa Properties S.L Avendia De Sayalonga 24 Competa/Malaga 29754

Cómpeta Properties S.L. – Country properties in peaceful rural countryside & houses or apartments in bustling towns.- Your first stop in the village. .

We are a well established and professional estate agency and know from experience how to live and work in the area. Our team is made up of a group of people from Cómpeta and other countries that work together, each with their own ability, to help our clients.

We have an extensive and diverse portfolio of properties for sale or for rental in Andalucia in the area of Cómpeta, Canillas de Albaida, Sedella, Torrox, Sayalonga…; a wide selection of country properties , modern and rustic, townhouses in the beautiful villages and apartments with terraces and balconies.

Our aim is that our clients benefit from our combined knowledge, making the buying of their dream home a pleasant experience. With this in mind, we keep our customers informed of each step of the buying process and they know that we are here to help them with any queries that may come up, both during the buying process and afterwards. We can recommend excellent fiscal and legal professionals to help make the purchase process as simple and care free as possible.

Once a sale is completed, our obligation continues. You can find us in any of our offices for whatever you need; we can help with both your new property and your new life in Spain.

If you don’t intend to live in Spain permanently initially but would like your property to produce an income, Cómpeta Properties would be very happy to add it to our rental portfolio and to cover all aspects in relation to the rental.

Our sister company, “Cómpeta Properties Construcciones y Servicios”, is here to help you with any questions that you may have regarding construction or refurbishment, as well as painting and maintenance of properties and gardens.

Through this website we will try to help you in the search for the house of your dreams, but we also invite you to ring us, send us an email or come and visit us so that we may discuss more fully your requirements.

Cómpeta Properties. Where our priority is you!

Notes

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This is a property advertisement provided and maintained by Competa Properties S.L., Malaga (reference NTH002) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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