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Andalucia, Malaga, El Faro, Spain

€499,000
Martin Real Estate, Malaga
PROPERTY TYPE

Detached Villa

BEDROOMS

4

BATHROOMS

4

SIZE

1,884 sq ft

175 sq m

Key features

  • Private Terrace
  • Communal Garden
  • Close To Sea
  • Private Garden
  • Open Parking
  • Double Glazing
  • Fully Fitted Kitchen
  • Guest Apartment
  • Close To Shops
  • Street Parking

Description

Three-Unit Rental Investment Opportunity – El Faro, Mijas Costa

An excellent rental investment opportunity in the sought-after El Faro area of Mijas Costa, just a 5-minute walk from the beach.

This detached villa has already been divided into three independent properties, creating multiple rental income streams from a single asset. With two units currently tenanted, one available for immediate rental and further value-add potential through renovation, the property offers an attractive combination of existing income and scope to increase future rental returns.

Three Independent Rental Units

The ground floor comprises two self-contained one-bedroom apartments, each with its own living room, kitchen, bathroom and private garden.

One apartment is currently vacant, giving a new owner the opportunity to renovate, reposition and rent the property immediately. Updating the accommodation could significantly improve its rental appeal and income potential.

The second one-bedroom apartment is currently tenanted until 29 October 2029, providing an established rental income stream from completion.

The upper floor comprises a spacious two-bedroom apartment, with an open office area offering the potential to create a third bedroom if required. It features a generous living area, separate kitchen, two bathrooms, private roof terrace and direct access to the garden.

This apartment is currently let until October 2028, providing another existing income stream. The possibility of negotiating an earlier surrender of the tenancy can also be discussed.

Strong Value-Add & Rental Potential

Set on a private plot of approximately 461m², the property presents a particularly interesting opportunity for an investor looking to improve returns over time.

Renovating and upgrading the individual units could create the opportunity to increase rental values, improve tenant appeal and enhance the overall value of the asset.

The property also benefits from access to the communal swimming pool, while its location within walking distance of the beach and close to local amenities and transport links adds to its appeal as a rental property.

With three independent units, two existing tenancies, one immediately available unit and renovation potential, this is a compelling opportunity for buyers seeking a multi-unit property with both income from day one and longer-term rental growth potential.

Please note: Current photographs ‌are ‌available ‌only ‌for ‌the vacant ‌one-bedroom ‌apartment. ‌The ‌first images have been digitally enhanced/cleaned up to provide ‌a representation of how ‌the ‌property ‌could ‌look ‌following ‌improvement ‌works.

Andalucia, Malaga, El Faro, Spain

Approximate location

NEAREST AIRPORTS

Distances are straight line measurements
  • Málaga(International)
    13.6 miles
  • Gibraltar (North Front)(International)
    47.4 miles
  • Jerez(International)
    80.8 miles
  • Sevilla (San Pablo)(International)
    93.3 miles

Advice on buying Spanish property

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

About Martin Real Estate, Malaga

Calle Sauce 16 Urbanizacion Los Nebrales Coin Malaga 29100

At Martin Real Estate, we make the purchase or sale of your home on the Costa Del Sol an enjoyable and memorable experience. We do that through a personalised, friendly and responsive service, local knowledge and a professional and experienced team.

Our journey began when our founder Paul Martin worked here on the Costa Del Sol for an established real estate company and quickly achieved a personal reputation as a trusted Sales Professional providing excellence in Client support (see our testimonials page). In 2023, Paul decided to set up his own property company and since then, we've been on a mission to help our clients with all their property needs in a professional, transparent, dependable, and friendly way.

Our Story

The Martin Real Estates Team has a strong history in Customer Service, Sales, and support, in the multi-national and small business sectors in Ireland, Hong Kong, America, and Europe. Every team member has a strong ‘customer first’ belief and ethos. This belief drives everything that we do!

Our CEO/Sales Director Mr. Paul Martin, worked extensively in the wholesale retail sector in Ireland, managing the customer service and after-sales support experience for his independent retail clients, in a very demanding, challenging, and competitive environment. This customer service experience brought Paul to the Costa del Sol, where his professionalism allowed him to quickly be successful in the real estate sector.

After four successful years working in the industry here in Spain, Paul decided that it was time to set up his own company, where his ‘client-centric’ style combined with a thirst for excellence from the start to the successful completion of each property transaction would permeate throughout his new organization and become an essential part of the company culture.

What Sets Us Apart

At Martin Real Estate, we pride ourselves on our ability to make sure that we match our buyer and seller needs to ensure the best possible outcome, translating into satisfied clients, who will return to us time and time again for their future property needs. We want our clients to return and recommend us to their friends and family. We aspire to craft long-term relationships that last a lifetime.

Whether it's our commitment to quality service, our unsurpassed knowledge of the local market, our dedication to customer satisfaction, or our unwavering passion for securing the best possible outcome for our clients; we stand out in the real estate industry, in Calahonda, Mijas Costa and Marbella, and across the Costa del Sol, as the company with the passion to exceed our clients’ expectations and a name that you can trust.

Our Values

Integrity, excellence, and superb Client care and support are at the heart of everything we do. We believe in being part of the local community while facilitating and supporting new community members (our clients) with excellent after-sales service.

Our values guide our business and actions, ensuring that Martin Real Estate is not just a business but a supportive team for our clients offering superb after-sales service, and a proud, active member of the local business community.

Our Mission

At Martin Real Estate, we are passionate about delighting our clients. Our mission is to make the buying and selling process transparent and an enjoyable experience. We strive to ensure that our Customer Service Charter and Company Ethos, place our client's needs at the center of everything that we do. Exceeding our client's expectations every step of the way is our passion and a way of life for the entire team.

What We Offer

Explore our range of Client Sales and Support services designed to delight our clients. Each of our services to buyers and Sellers of real estate here on the Costa del Sol is crafted with attention to detail, fresh innovative thinking, and passion, aiming to make your dreams a reality.

Our approach is different. We proudly say that ‘we don’t sell homes or property’. We match our client's needs with our experience, find the most cost-effective way to match our client's requirements with the needs of each seller and negotiate the best possible price and terms agreeable to both parties. We navigate the challenging waters of real estate on the Costa del Sol so that you don’t have to.

It’s all part of the Martin Real Estate Service Package! We’re here to help you every step of the way. Get in touch and give us an opportunity, to show you what we can do.

Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by Martin Real Estate, Malaga (reference 274037_R5447089) 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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