Townhouse in Vélez-Málaga

Situated in the historic heart of Vélez-Málaga, this expansive townhouse offers a rare combination of historical character and massive development potential. Spanning over 600 square meters across two levels, the property presents a unique architectural profile that serves as a blank canvas for investors looking to create a boutique hotel, a hostel, or a series of luxury apartments in a growing cultural hub.

The ground floor currently functions as a vast parking facility with space for nine cars and ten motorcycles, but its true jewel is the original oil mill housed within. This well-preserved machinery offers incredible historical value and could become a stunning centerpiece for any commercial renovation. The upper level comprises 277 square meters of living space complemented by outdoor terraces that overlook the traditional streetscapes of the Axarquía region.

Functionality meets heritage with six bedrooms and six bathrooms already integrated into the layout. The structural integrity and volume of the building allow for significant reconfiguration, while the included storage rooms and large terrace areas provide the necessary outdoor space sought after in the Costa del Sol climate.

Location is a primary asset, with the Mediterranean coastline just 20 minutes away and Málaga International Airport reachable within a 45-minute drive. Local amenities, including reputable schools and a major shopping center, are all within a 10-minute radius, ensuring that any future residents or guests enjoy total convenience.