Renovated studio apartment just 800 meters from the sea – Perfect for investment
For sale: a fantastic, fully renovated 41 m² studio apartment with a south-facing orientation, abundant natural light, and located in one of the best areas of Torremolinos. Just 800 meters from the beach and with all amenities within easy reach: right below the building you'll find bus stops, supermarkets, pharmacies, gyms, and much more. The commuter train station is also just a 5-minute walk away, as is the center of Torremolinos,close to the sea and with all amenities.
The building features a communal swimming pool, 24-hour concierge service, and a security camera system, offering safety and convenience year-round.
Currently, the apartment is rented on a long-term contract to reliable tenants who pay €700 per month, making it ideal for those looking to invest and generate returns from day one. The tenants have four years remaining on their contract, unless they choose to leave earlier, (They are already looking for another apartment because it's too small for them)
making it a perfect opportunity for investors seeking stable and worry-free income
Furthermore, the studio has a tourist license, which presents an excellent opportunity for future holiday rentals once the current lease expires.
A sound investment in a prime location, close to the sea and with all amenities.
Middle floor apartment in Torremolinos
€ 160,000
Description
Characteristics
| Reference | R5230414 |
| Construction | Resale |
| Type | Apartment / Middle floor apartment |
| Bedrooms | |
| Bathrooms | 1 |
| Pool | Yes |
| Parking | N/A |
| Built in | 1978 |
| Posted |
Location
| City | Torremolinos |
| Municipality | Torremolinos |
| Area | Costa del Sol |
| Province | Málaga |
| Country | Spain |
| Exact location |
Surfaces
| Built area | 41 m2 |
| Usable | 34 m2 |
| Terrace | 12 m2 |
Energy Label
| CO2 | Not known | |
| Consumption | Not known | |
Cost
| Community | € 50 per month |
| Garbage | Not known |
| Tax (IBI) | € 190 per year |
History
Location
€ 160,000
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.
Can we help you?
Buy and sell with confidence
We are happy to help you find your new dream home or sell your existing Spanish home. Good guidance will save you a lot of stress and ensure that you will not be faced with unpleasant financial surprises. Just contact us and we will be happy to help you!