Apartment in Capuchinos

Discover an exceptional investment opportunity in the vibrant Capuchinos district of Málaga, presenting a comprehensive commercial/apartment complex ideal for discerning buyers seeking strong returns in a burgeoning urban landscape. This residential building, spanning a ground floor and four additional levels, is perfectly positioned in one of Málaga’s most promising growth areas. It currently comprises six distinct apartments, with two units per floor, complemented by a versatile 67 m² ground-floor commercial unit, accumulating to approximately 420 m² of built space. The property is equipped with a convenient elevator and offers access to a communal rooftop terrace, enhancing its appeal for both residents and guests.

The existing apartments, ranging from 56 m² to 62 m² built (with usable areas between 35 m² and 44 m²), offer flexible living arrangements. One particular unit stands out with a mezzanine level and additional bedrooms, providing expanded accommodation possibilities. The ground-floor commercial unit holds significant potential for transformation; it can be thoughtfully converted into a spacious two-bedroom apartment or re-envisioned as a dynamic communal space, perfectly suited for a modern co-living model. This adaptability allows for a strategic repositioning of the asset, whether for traditional residential rentals, lucrative tourist accommodation, or an optimized co-living setup featuring 7 or 8 units.

This Capuchinos commercial/apartment complex is slated for a full refurbishment, ensuring a turnkey solution for investors. The project involves optimizing the six existing apartments, facilitating the change of use for the commercial unit, and undertaking a comprehensive renovation of all communal areas. Crucially, this extensive upgrade will be achieved without requiring significant structural modifications. Upon an anticipated completion towards the end of 2025, the asset will be delivered fully finished, with all apartments ready for immediate occupancy and all installations meticulously compliant with current building regulations, guaranteeing a seamless transition for new owners.

The strategic location of this property is undoubtedly one of its strongest selling points. Situated just a few minutes’ walk from Málaga’s historic centre, the prestigious University of Málaga, and the well-regarded Civil Hospital, it benefits from unparalleled connectivity. This area is characterized by high rental demand for both long-term residents and short-term visitors, making it a prime spot for generating consistent income. Capuchinos itself is undergoing significant urban regeneration, promising substantial future capital appreciation. The proximity to essential services, cultural landmarks, and educational institutions creates a highly desirable living environment, appealing to a diverse tenant pool.

Investing in this property in Capuchinos represents a solid opportunity for capital appreciation and offers multiple exploitation options, from residential rentals to tourist lodging or a modern co-living scheme. With its prime location, comprehensive refurbishment plan, and inherent flexibility, this building is poised to deliver significant value and robust returns in Málaga's thriving real estate market. The project offers a clear path to a fully modernized and compliant asset, ready to capitalize on the city's continuous growth and popularity.