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Townhouse in Málaga

Investment Opportunity in the Heart of Málaga – Calle Gordon

Located just steps from the historic center of Málaga, Calle Gordon is a charming building being transformed into a boutique-style rental asset with an AT (Aparthotel) license, offering an excellent investment opportunity in one of Spain’s most dynamic urban markets.

The project will consist of four independent units:

One spacious 3-bedroom apartment on the ground floor

Three one-bedroom apartments on the first floor

A beautiful Andalusian patio at the heart of the building, creating a calm and authentic atmosphere for guests

While the original footprint is respected, the property is technically a completely new construction, including new foundations, a new roof, and entirely new electrical and plumbing systems, all built to modern standards of comfort, efficiency, and durability.

Situated on a quiet street within walking distance of Plaza de la Merced, Calle Larios, the Picasso Museum, and Málaga’s cultural and gastronomic highlights, the location combines peaceful residential living with immediate access to the city’s most desirable amenities.

Málaga continues to show strong and sustained growth in tourism, with increasing demand for high-quality, centrally located accommodation. Licensed aparthotel-style properties in the historic center remain limited, supporting strong occupancy and long-term value.

Income Potential

With professional management and an aparthotel-style operating model, the property is expected to generate approximately €200,000–€230,000 in gross annual rental income. The combination of multiple units, prime location, and AP license provides consistent year-round demand and a stable, secure investment profile.

This project offers a rare opportunity to acquire a high-performing hospitality asset in Málaga’s historic center, combining strong cash flow, long-term appreciation, and operational flexibility in a well-established and growing market.

Setting

  • Town
  • Commercial Area
  • Close To Shops
  • Close To Sea
  • Close To Schools

Orientation

  • South

Condition

  • Excellent
  • Recently Renovated
  • New Construction

Climate Control

  • Air Conditioning

Views

  • Urban
  • Street

Features

  • Fitted Wardrobes
  • Near Transport
  • Private Terrace
  • WiFi
  • Guest Apartment
  • Guest House
  • Ensuite Bathroom
  • Access for people with reduced mobility
  • Fiber Optic

Furniture

  • Fully Furnished

Kitchen

  • Fully Fitted

Parking

  • Street

Utilities

  • Electricity
  • Drinkable Water

Category

  • Holiday Homes
  • Investment
  • Off Plan
  • With Planning Permission
Community Fees
-
Waste Disposal Fees
-
IBI - Property Tax
-
energy_rating

Highlights

Reference
R5344342
Price
€1,300,000
Location
Málaga
Area
Property Type
Townhouse
Bedrooms
6
Bathrooms
4
Plot Size
200 m²
Built
200 m²
Terrace
0 m²

Contact Real Estate Agent

Picture of Lois Cuppen

Lois Cuppen

Real Estate Assistant

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Exclusive investment opportunity in Lagunillas, one of the fastest-transforming and most promising areas within Málaga’s Historic Center.

Urban plot of 121 m² offered with an approved basic project for the construction of 6 residential units and 6 storage rooms, already benefiting from a granted building license, fully paid urban planning fees, and completed archaeological study with no findings, significantly reducing development times, costs, and urban planning uncertainty.

The project includes a total built area of 537.53 m² distributed across basement, ground floor, and three upper floors.

One of the key advantages of this investment is the flexibility of the project, which can be modified and adapted to suit the buyer’s needs, allowing optimization of layouts, unit typologies, and investment strategy.

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Lagunillas is currently undergoing significant regeneration and appreciation, with increasing residential and investor demand, just a few minutes’ walk from Málaga’s Historic Center, Plaza de la Merced, and the city’s main cultural and commercial areas.

Potential for residential development and possible adaptation for tourist accommodation, subject to current urban planning regulations and technical assessment.

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