Spacious Townhouse. 4 Bedrooms, 3 Bathrooms. Expansive Garage. Home and income Potential. Roof Terrace. Renovation Project.

Essential Properties is pleased to present a unique renovation project with extraordinary potential, ideal for investors and developers seeking a property with diverse possibilities.

This expansive building, featuring a substantial garage and adaptable first-floor spaces, offers a blank canvas for creating a lucrative investment.

The ground floor boasts a vast garage, currently utilised for parking up to nine cars and ten motorcycles, generating rental income. This substantial space offers immense potential for alternative uses, such as a bar/restaurant, gym, or commercial premises, subject to necessary permissions.

Internal stairs at the rear of the garage provide access to the first floor, which presents a significant renovation opportunity. A hallway leads to a landing with stairs to street-level access, enhancing the property’s accessibility.

The first floor comprises seven rooms, providing ample space to create a spacious lounge, four bedrooms, and two bathrooms. A kitchen opens onto a roof terrace with a cloakroom and WC, offering outdoor space and convenience. A few steps lead to a further large terrace with town and countryside views and access to a rear street, creating additional access points and outdoor living areas.

This property’s versatile layout and prime location make it an ideal investment for developers and investors. The potential to create multiple apartments, commercial spaces, or a combination of both is significant. The existing rental income from the garage provides immediate returns, while the renovation potential offers substantial long-term value.

This renovation project presents a rare opportunity to transform a substantial property into a highly profitable investment. With its flexible layout, prime location, and diverse potential, this property is a compelling proposition for astute investors and developers.

Vélez-Malaga is the centre and capital of the district of Axarquia with a population of 55,000.

This Spanish town oozes charm and tradition. Full of Spanish bars, shops, restaurants, banks, medical centres, sports centres and picturesque cobbled streets, plazas and historical monuments including the ancient Fortress towering over the historical town.

Throughout the year there are many festivals and ferias, plus for those in search of culture there are many art galleries, regular jazz and flamenco recitals plus the theatre offers numerous plays, musicals and shows.

The public transport is excellent with direct buses to the beach every 20 minutes and Malaga every hour.

A superb town to experience and integrate into the Spanish lifestyle and culture.

In compliance with Decree 218/2005, of 11 October, approving the Regulation on Consumer Information on the sale of homes in Andalusia, the client is informed that the notarial, registry and fiscal expenses that are applicable (ITP or VAT + AJD) and other expenses inherent to the sale are not included in the price. The Agency’s professional fees are included.