High-Yield Investment Opportunity in Torremolinos – Residencial La Nogalera

Description

Luxury Properties & Projects is pleased to present this outstanding real estate opportunity in one of the most iconic areas of the Costa del Sol: Plaza de La Nogalera, right in the center of Torremolinos.
Located within the well-known Residencial La Nogalera, this apartment offers a prime location, proven high tourist profitability, and all the comforts required for both personal living and successful investment.
________________________________________Location: Calle Danza Invisible 4, Torremolinos, 29620
Positioned in one of the most in-demand tourist and residential zones, just a short walk from the train station, supermarkets, restaurants, and only 5 minutes on foot from the beach.
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Apartment Features:
• 2 spacious and bright bedrooms
• 2 full bathrooms, fully renovated with high-quality materials
• Independent kitchen, fully furnished and equipped
• Constructed area: 66 m² (interior) + 8 m² (common elements)
• 4th floor, with excellent natural light
• Private terrace with pleasant lateral sea views
• Storage room included, perfect for additional storage
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Residential Complex – Communal Areas and Extras:
• 2 adult swimming pools + 1 children’s pool
• Landscaped communal gardens, ideal for relaxation and leisure
• Permanent security and maintenance service
• Community fees: €165.50 / month
• Annual property tax (IBI): €289
________________________________________Strategic Location:
• Just steps from Plaza de La Nogalera and the train station
• Commuter train stop right at the building entrance
• 5-minute walk to the beach
• 15-minute drive to Málaga Airport
• 20-minute drive to Málaga city center
________________________________________Investment and Profitability Data:
• Active tourist license, ready to begin operations immediately
• Average occupancy rate of 90% in 2024
• Estimated gross return between 10% and 12% annually
• Overall condition of the property: fully renovated and ready for immediate use
This property not only offers a comfortable home in a prime coastal location, but also represents a solid investment opportunity in a highly sought-after area among both domestic and international tourists.

In compliance with Decree 218/2005 of October 11, issued by the Regional Government of Andalusia (Junta de Andalucía), consumers are hereby informed that the published price does not include the expenses deriving from the sale and purchase transaction: Property Transfer Tax (ITP), or Notary and Registry fees. The Real Estate Agency’s fees are included in the price.
Value-Added Services and Multilingual Assistance: For your peace of mind, you will benefit from the assistance and legal advice of our in-house counsel throughout the entire sales process. Furthermore, our dedicated team is able to assist you fluently in Spanish, French, Italian, and English.