Ground floor in Torremolinos

€ 250,000

For Sale
2
1
85 m2
85 m2

Description

Discover this investment opportunity in the Cascada Building, located on the top floor of this complex of buildings in Torremolinos, which offers unobstructed sea views and great potential for refurbishment and revaluation. Apartment of 85m2 and the possibility to buy the adjoining flat.
One of the strong points of the property is its large enclosed aluminium terrace, ideal for enjoying the unobstructed sea views and the sunny climate of the Costa del Sol. This additional space not only brings in natural light, but also allows for expanded usage options.
The property has a total of 3 double bedrooms, all equipped with fitted wardrobes, providing ample storage space. In addition, there are two bathrooms, one of which is en suite. A living rooms and a fitted kitchen. The opportunity of having the adjoining flat provides multiple options, and can be reformed as one large flat, two or even three studios, to maximise its profitability.
It is important to note that although the properties offer ample space and a versatile layout, they are in need of a comprehensive refurbishment to modernise and adapt the spaces to today's needs. The refurbishment will not only improve the quality of life, but will also significantly increase the value of the property. The unobstructed views and strategic location are plus points that justify the asking price, making this an attractive investment.
The building itself is in the process of being refurbished to improve the communal areas. It does not include a parking space, although there is the possibility of acquiring an additional parking space for a separate price.
In short, these property represent a great investment opportunity. With the right renovations, they can be converted into a spacious flat or an attractive rental project.

Characteristics

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Cost

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Energy Label

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Location

The location is not exact

Reference: R4856119

Torremolinos
Costa del Sol
Spain

History

11 February 2025 17:00
Posted
19 February 2025 11:00
Price changed:

€ 250,000

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The price does not include expenses and taxes. The additional costs to the price to be paid by the buyer are: New home/1st Transfer Value Added Tax (VAT) 10% (or 4% in the case of protected housing); or in the case of 2nd and/or Subsequent Transfers, Transfer Tax (ITP) 7%. In addition, the formalisation in public document of the purchase contract (deeds) is subject to AJD Stamp Duty (AJD Actos Jurídicos Documentados) 1.2% on the purchase price, registration and notary fees. You have at your disposal a copy of the corresponding information sheet of this property in our office according to Decree 218/2005 of 11 October.

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