Algarrobo, Málaga 29750 24,542 SF Building Offered at $1,564,793

Entire building for renovation in the center of Algarrobo Pueblo. Investment opportunity in the heart of Algarrobo Pueblo. Complete building for renovation with approximately 376 m² of built space, located in a central area with all services at hand: Town Hall, health center, shops, restaurants, and schools. Additionally, it is just 1 km from the A-7 highway, offering excellent connections to Málaga and the rest of the Costa del Sol. The property is distributed as follows: - Basement floor - Open-plan ground floor with multiple usage possibilities - First floor with 6 rooms and 1 bathroom - Second floor with 4 rooms, kitchen, and 1 bathroom - Rooftop terrace All rooms feature French balconies, providing natural light and ventilation. Thanks to its spaciousness, layout, and strategic location, this property offers enormous potential for various projects, such as a hostel, guesthouse, tourist apartments, vacation rentals, worker accommodations, or independent housing for long-term rentals. This is a property with many possibilities for those seeking an investment with profitability potential in an area with growing tourist and residential demand. Don't miss this excellent investment opportunity in one of the most charming villages in the Axarquía region. The indicated price does not include taxes or fees. A 7% ITP (Property Transfer Tax) will apply, as well as notary fees (approx. 0.3%-0.5%) and property registry fees (approx. 0.1%-0.3%) based on the sale price. The amounts provided are for informational purposes only and may vary depending on the specific case. For this property, the approximate costs will be: - ITP: €95,550 - Notary fees: Between €4,095 (0.3%) and €6,825 (0.5%) - Property registry fees: Between €1,365 (0.1%) and €4,095 (0.3%) The purchase of this property does not involve real estate brokerage fees for the buyer. The property is sold unfurnished.