Property for sale
Málaga City, Malaga, Andalucia, Spain
£2,111,130 *
[€2,500,000]
Full Description
Located in the heart of Malaga, this impressive commercial building presents a fantastic investment opportunity. Spanning a total of 1,044 m², it includes a ground floor, four additional floors, and a walkable roof.
With its current use as office space, this building offers great flexibility. However, there is also the exciting potential to transform it into a residential development. We've envisioned the creation of 15 high-demand residential units through a change of use.
Until April 2025, the property provides a stable income stream of approximately €7,000 + VAT per month from its current rental agreement with a teaching academy. This allows future owners to benefit financially while awaiting conversion approvals. Post-2025, owners can choose to vacate the premises for construction or, alternatively, extend the existing rental contract for another year.
For those looking to maintain the building's commercial prestige, its open-plan layout is ideal for creating a modern coworking space or continuing its current use as an academic facility.
Don't miss out on this unique opportunity to own a versatile property in a prime location in Malaga. Enquire today to explore its potential further.
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