Andalucia, Malaga, Málaga, Spain
£184,771
€215,000
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
678 sq ft
63 sq m
Key features
- Exterior Views
- Oriented to east
- Lift
Description
Huspy presents this 60 m² usable-space apartment on Avenida de Europa (Málaga), which stands out for its great investment potential.
- 60 m² of usable space
- Third floor, exterior unit
- Living-dining room
- Kitchen
- Property in need of updating or renovation
- Residential building with elevator
- Ready to be updated or renovated to your liking, with significant potential for appreciation in the current market.
- Current status: The property is currently occupied by a tenant who is up to date on her rent payments (€400/month), though her lease has already expired.
- High creditworthiness and rent increase potential: The tenant has proven creditworthiness and a guarantor, with the ability and willingness to sign a new, negotiated lease of up to €800/month.
- Immediate profitability: This allows the investor to generate positive cash flow and stable income from day one, with a projected gross return of approximately 4.5%, whether the property remains occupied by a creditworthy tenant or is managed as the investor sees fit.
Price: €215,000
(Closing costs and taxes not included)
The property is located on Avenida de Europa, in the Carretera de Cádiz / Vistafranca area of Málaga. The location stands out as one of the most sought-after areas due to its excellent transportation links, local shops, and easy access to downtown and the beach, with metro and bus service nearby.
Huspy has a team of experts to manage the sale and financing in a simple and personalized manner. We offer a free assessment and support through the entire process until your mortgage is signed, for both residents and non-residents. Contact us to schedule a tour.
The information contained in this listing is for informational purposes only and may be subject to errors, changes, or omissions. The price does not include expenses and taxes associated with the sale (Property Transfer Tax, VAT, or Stamp Duty, as applicable), notary and registration fees, or, where applicable, real estate brokerage fees.
SKU: AAX00QUP [IW]
- 60 m² of usable space
- Third floor, exterior unit
- Living-dining room
- Kitchen
- Property in need of updating or renovation
- Residential building with elevator
- Ready to be updated or renovated to your liking, with significant potential for appreciation in the current market.
- Current status: The property is currently occupied by a tenant who is up to date on her rent payments (€400/month), though her lease has already expired.
- High creditworthiness and rent increase potential: The tenant has proven creditworthiness and a guarantor, with the ability and willingness to sign a new, negotiated lease of up to €800/month.
- Immediate profitability: This allows the investor to generate positive cash flow and stable income from day one, with a projected gross return of approximately 4.5%, whether the property remains occupied by a creditworthy tenant or is managed as the investor sees fit.
Price: €215,000
(Closing costs and taxes not included)
The property is located on Avenida de Europa, in the Carretera de Cádiz / Vistafranca area of Málaga. The location stands out as one of the most sought-after areas due to its excellent transportation links, local shops, and easy access to downtown and the beach, with metro and bus service nearby.
Huspy has a team of experts to manage the sale and financing in a simple and personalized manner. We offer a free assessment and support through the entire process until your mortgage is signed, for both residents and non-residents. Contact us to schedule a tour.
The information contained in this listing is for informational purposes only and may be subject to errors, changes, or omissions. The price does not include expenses and taxes associated with the sale (Property Transfer Tax, VAT, or Stamp Duty, as applicable), notary and registration fees, or, where applicable, real estate brokerage fees.
SKU: AAX00QUP [IW]
Andalucia, Malaga, Málaga, Spain
NEAREST AIRPORTS
Distances are straight line measurements- Málaga(International)5.4 miles
- Gibraltar (North Front)(International)65.3 miles
- Jerez(International)91.4 miles
- Sevilla (San Pablo)(International)94.9 miles
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Notes
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This is a property advertisement provided and maintained by Huspy, Madrid (reference e675a1f9-e83b-41e9-a) 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.