$1,951,499

Apartment

  • 3 Beds
  • 3 Baths
  • 2,272 Sqft
  • Updated: June 23
  • 1
    Views for last 30 days

About the Property

Investment Highlights

Prime location in Málaga Historic Centre, steps from Calle Marqués de Larios and Málaga Cathedral.
Three fully operational tourist apartments with active tourist licence.
Proven annual net rental income exceeding €100,000.
Current net yield above 6%, with potential for enhanced returns through active asset management.
Turnkey investment with immediate
Investment Highlights

Prime location in Málaga Historic Centre, steps from Calle Marqués de Larios and Málaga Cathedral.
Three fully operational tourist apartments with active tourist licence.
Proven annual net rental income exceeding €100,000.
Current net yield above 6%, with potential for enhanced returns through active asset management.
Turnkey investment with immediate income from completion.
Established short-term rental operation with consistent occupancy history.

Property Overview

Located on the prestigious Calle Strachan in the heart of Málaga’s historic centre, this unique investment property offers investors the opportunity to acquire a fully operational hospitality asset in one of Southern Europe’s strongest tourism and lifestyle markets.
The building was originally constructed in 1906 and comprehensively renovated in 2007. It comprises 181 m² of built area divided into three independent tourist accommodation units: two studio apartments and one one-bedroom apartment, all operating under a valid tourist rental licence.
The property combines authentic Andalusian architectural character with modern rental functionality. Features include high ceilings, large traditional windows with original shutters, abundant natural light and a charming internal courtyard, creating a distinctive guest experience that consistently appeals to international visitors.
Investment Potential
Málaga continues to rank among Spain’s most sought-after destinations for tourism, remote working and international investment. The property’s central location places guests within walking distance of the city’s key attractions, restaurants, cultural landmarks, retail areas and transport connections.
The asset currently generates more than €100,000 per annum in net holiday rental income, delivering a proven net yield exceeding 6% based on the asking price.
For investors seeking:
Income-producing real estate in Spain
Short-term rental investment opportunities
Licensed tourist accommodation assets
Heritage property investments
Passive income opportunities in Málaga
High-demand hospitality assets on the Costa del Sol
This property offers a rare combination of historic character, operational performance and long-term investment potential in one of Spain’s most resilient real estate markets.
  • Property type

    Apartment

  • Floors

    1

  • Year built

    1906

  • Price/sqft

    $859

Features

Explore the Area

Calle Strachan, Centro Histórico, Malaga, 29015, Spain View on Google Maps
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Málaga’s Centro is the historic core of one of Andalusia’s most consequential cities, a dense urban quarter where Roman foundations, Moorish fortifications, and 19th-century bourgeois architecture exist within the same few city blocks. Calle Strachan sits just off Calle Marqués de Larios, the city’s grand pedestrian boulevard, and within a minute’s walk of the Cathedral of the Incarnation. This is not a peripheral historic district but the genuine centre of civic and cultural life in a city that has undergone a serious cultural repositioning over the past two decades.

Daily life here means the Atarazanas market for fresh produce, El Pimpi and Uvedoble for dining, and the Picasso Museum and Centre Pompidou Málaga within a ten-minute walk. Calle Larios handles most retail needs. The Muelle Uno waterfront is a fifteen-minute walk along the port.

Málaga María Zambrano station connects to Madrid by high-speed AVE rail in under two and a half hours, and to Seville in approximately two hours. The metro line C1 links the city centre to Málaga Airport in around twelve minutes, with the airport serving over 200 routes across Europe, North Africa, and beyond. The A-7 coastal motorway provides direct road access to Marbella in under an hour and to Granada in approximately ninety minutes.
Get nearby
Attractions
Schools
Malaga-Costa del Sol Airport
Airport
12 min
Málaga María Zambrano Train Station
Train Station
5 min
Calle Larios
Shopping & Lifestyle
3 min
Alcazaba
Culture & Heritage
8 min
Malagueta Beach
Outdoor & Nature
10 min
La Concepción Botanical Gardens
Outdoor & Nature
12 min
St. George’s School Malaga
International School
10 min
British School of Málaga
International School
15 min

View 595 more listings in Centro

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Listed by

Paul Allan Radcliffe
Spain
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Paul Allan Radcliffe Paul Allan Radcliffe background
6
Listings
2024
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Strand Properties
Strand Properties
Offices in Spain and in Finland, 29660, Marbella (Puerto Banus), Spain
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Strand Properties is a real estate agency that specializes in unique properties and luxury service. All of our rea
Strand Properties is a real estate agency that specializes in unique properties and luxury service. All of our real estate agents have years of experience and comprehensive expertise in selling properties. We currently operate in Finland and Spain. 
Last updated
June 23
First listed
Mar 26
Listing reference
SPCRM4787
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