Detached Villa in Torremolinos
Torremolinos
- Price
- €1,640,000
- Bedrooms
- 17
- Bathrooms
- 10
- Built Size
- 773 m²
- Plot Size
- 4078 m²
- Location
- Torremolinos
- Ref
- R3792964
Photos
Unique Property with Tremendous Potential in an Exclusive Location!
Strategically situated between Málaga and Torremolinos, this property boasts an expansive plot of 4,078 m², surrounded by olive trees and featuring a large garden with a spacious swimming pool. The current construction includes 7 individual apartments, making it an excellent opportunity for investors seeking rental income or for those envisioning a larger-scale development project.
Its tranquil and private setting makes it ideal for conversion into a center for activities such as yoga, meditation, or workshops. Furthermore, its proximity to Málaga Airport (just a 5-minute drive) has already attracted interest from pilots and cabin crews looking to rent or purchase properties in the area.
The existing structure offers flexibility: it can either be renovated or demolished to make way for a new project tailored to the buyer's vision.
Additionally, this property benefits from its proximity to the Rojas-Santa Tecla project, a large-scale urban development featuring an 18-hole golf course, vast green spaces, and state-of-the-art commercial, educational, and sports facilities. This ambitious project is set to significantly enhance property values in the area and establish it as a premier lifestyle destination.
Don't miss this unique opportunity to invest in a property with limitless possibilities and a promising future!
Running Costs
- IBI: €244 / year
Purchase Costs Calculator (Resale (Pre-Owned))
- ITP (Transfer Tax) (7%): €114,800
- Notary Fees: €1,200
- Land Registry Fees: €1,000
- Lawyer Fees (1% + 21% VAT): €19,844
- Estimated Total Costs: €136,844, 8.3% of purchase price
These are estimates based on standard rates. Actual costs may vary depending on your specific circumstances, property details, and applicable exemptions. We recommend consulting with a qualified lawyer for a precise breakdown.
About the Area: Torremolinos
A historic Costa del Sol resort town and gateway to Málaga airport, Torremolinos has reinvented itself with a revitalised seafront, diverse dining scene, and some of the longest sandy beaches on the coast. Its compact, walkable centre and excellent public transport connections to Málaga city make daily life convenient, while property prices remain among the most accessible on the coast.
- Area: Torremolinos
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