Exceptional investment opportunity in La Carihuela (Torremolinos), one of the most established and sought-after locations on the Costa del Sol. Positioned on the second line of the beach, just a few metres from the seafront promenade, this entire building enjoys a prime location within a year-round high-demand tourist area, surrounded by restaurants, shops and essential services.
The
Exceptional investment opportunity in La Carihuela (Torremolinos), one of the most established and sought-after locations on the Costa del Sol. Positioned on the second line of the beach, just a few metres from the seafront promenade, this entire building enjoys a prime location within a year-round high-demand tourist area, surrounded by restaurants, shops and essential services.
The property stands on a 75 m² plot and offers a total built area of 305.3 m², distributed across several levels currently operating as tourist apartments. The building benefits from a valid tourist licence covering the entire property, allowing for immediate operational continuity.
The building comprises a 75.67 m² basement currently used for storage, a particularly valuable asset given the scarcity of storage space in the area; a 54.58 m² ground-floor apartment adapted for people with reduced mobility; two independent 69.66 m² apartments located on the first and second floors, each configured with two bedrooms; and a penthouse level with development potential for an additional unit, offering the opportunity to further enhance the property’s overall profitability.
This is a fully operational income-producing asset that combines an established tourism business with clear opportunities for optimisation, generating revenue from day one while offering scope for progressive improvements in returns.
Its strategic location, the limited availability of comparable assets in the area, and the enduring strength of La Carihuela’s tourism market make this building particularly attractive to both long-term investors and hospitality operators seeking a turnkey asset with significant growth potential. A unique investment opportunity that combines a prime location, comprehensive tourist licensing, immediate income generation, and strong medium- and long-term capital appreciation potential within a single asset
Situated in Torremolinos near Málaga, this location offers excellent access to Málaga-Costa del Sol Airport (10 min) and key transport hubs like Torremolinos Train Station (5 min). The area features upscale dining, golf clubs, and beautiful Mediterranean beaches, complemented by proximity to cultural sites and natural parks. It’s ideal for buyers seeking blend of lifestyle, convenience, and leisure on Spain’s southern coast.
Gilmar is a leading Spanish real estate consultancy with more than 40 years of experience in the brokerage of buyi
Gilmar is a leading Spanish real estate consultancy with more than 40 years of experience in the brokerage of buying, selling and renting properties in the best residential areas of Madrid, the Costa del Sol, Seville, Cadiz and the Canary Islands. Founded in 1983 and with more than 35 offices throughout the country, it has successfully served more than 150,000 clients of all profiles, offering a comprehensive service ranging from commercial advice to after-sales management.
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Last updated
June 30
First listed
Jun 30
Listing reference
223849
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