EDENOVO

Commercial in Cancelada

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EDN-17652
For Sale
Listed since Mar 21, 2026
—Bedrooms
—Bathrooms
2163 m²Built
Sea ViewsViews

Description

This high-yield commercial investment opportunity is strategically located in the heart of Cancelada, Estepona. The standalone building offers a modern mixed-use configuration, perfectly positioned to capture the growing demand of the New Golden Mile.

The property spans 2,163 m² and features 11 high-quality apartments, ranging from functional one-bedroom lofts to spacious three-bedroom units. Additionally, the ground floor houses three expansive commercial premises totaling 400 m², providing a diverse revenue stream from both residential and retail tenants.

Residents enjoy premium amenities including a rooftop swimming pool with panoramic views, solar energy systems for efficiency, and secure underground parking with storage rooms for every unit. The building is serviced by a modern elevator and features full air conditioning throughout.

Currently operating at a 6% rental yield, this fully occupied asset is walking distance to local shops and just minutes from prestigious golf courses and Mediterranean beaches. It represents a stabilized turnkey operation for sophisticated portfolios.

About Estepona & Casares

No other coastal town has undergone such a radical and rapid urban transformation as Estepona. Casares is one of the most picturesque white villages of Andalusia — a medieval Moorish quarter on the heights, with golf resorts and beachfront residences below.

Areas

Built:2163 m²Plot:630 m²

General

Type:Commercial / Apartment ComplexCondition:Excellent ConditionOrientation:South Facing

Views

Sea ViewsStreet Views

Security

Entry Phone

Climate

Air ConditioningHot A/CCold A/C

Features

PoolGarageSea view
Region:CanceladaArea/Town:Cancelada

Setting

Commercial AreaClose To ShopsClose to TownClose To SchoolsUrbanisation
Asking Price

€ 5 000 000

Price per m²
€ 2 312 / m²

Purchase Cost Calculator

€ 5 000 000
€
Transfer Tax (ITP 7%)€ 489 000
Notary & Registry Fees (est.)€ 3 500
Legal Fees€ 50 000
Total Taxes & Fees€ 542 500
Total Purchase Cost€ 5 542 500

Costs are approximate. Please consult a legal advisor.

Mortgage Calculator

Property Price (€)€ 5 000 000
Down Payment20% (€ 1 000 000)
%
years
Loan Amount€ 4 000 000
Monthly Payment€ 20 024,94
Required Monthly Income€ 66 749,81 / mo

Based on 30% of gross monthly income

Calculations are indicative. Please consult a financial advisor.

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EDN-17652·EUR 5 000 000€ 2 312/m²