Andalucia, Malaga, Vélez-Málaga, Spain

Coveted Location and Maximum Flexibility in El Palo

In the heart of the charming fishing neighborhood of El Palo—one of Málaga's most sought-after areas with very limited supply—lies this renovated townhouse. It represents a unique market opportunity combining modern design, versatility, and high profitability potential.

The property is divided into two completely independent floors with their own entrances, opening up multiple usage possibilities. Both can be rented as vacation homes, you can live in one and rent the other, or use the entire property as a large family home. The ground floor offers a bright living room with an open-plan kitchen, a master bedroom with a newly renovated en-suite bathroom, and a cozy private patio that provides abundant natural light and pleasant ventilation. Additionally, it has further potential, as it is very easy to reinstate a second bedroom. The first floor houses a living room with an elegant integrated kitchen, two bright and spacious bedrooms, and a stylish, fully renovated bathroom.

The first floor provides access to a fantastic private rooftop terrace, designed as a true oasis. The terrace offers ample space ideal for barbecue dinners, relaxation areas, and social gatherings, an elevated solarium with beautiful views of the Mediterranean Sea, and a practical integrated storage room.

The property has a valid tourist license, guaranteeing income from day one with high occupancy throughout the year. It has been renovated in a modern and functional style and includes air conditioning installed in both apartments. El Palo retains its authentic Spanish fishing village charm, with extensive sandy beaches, its famous beach bars (chiringuitos), a wide range of services, and excellent connections to Málaga's historic center. This is a ready-to-move-in property in an area where supply is practically nonexistent.

The property has recently undergone a renovation. All electrical and plumbing installations are new. The facades have been cleaned and treated with cladding and waterproofing, and new windows and doors have been installed.

On the ground floor, significant work has been done on the foundation and slab, excavating the entire floor and installing new drainage pipes. The perimeter walls have been cleaned, insulated, and rebuilt with brick and an air cavity for optimal humidity and temperature regulation. The layout has been opened up and optimized by redistributing partitions, while both the kitchen and bathroom have been completely enlarged and renovated. The upper floor has also been updated with a new uniform flooring throughout the apartment, a more open space between the entrance and the kitchen, and a renovation of the kitchen and bathroom.