description

A unique investment opportunity in one of Torremolinos’ best-connected residential areas. This detached house is situated in Montemar, just a 10-minute walk from the beach, 5 minutes from the train station and approximately 15 minutes’ drive from Málaga International Airport. A strategic location, with all amenities, shops, restaurants, public transport and leisure facilities within easy reach. The property stands on a 650 m² plot and currently comprises a three-storey building, divided into four separate apartments: - 3 one-bedroom apartments - 1 two-bedroom apartment. It also features various terraces totalling approximately 130 m² of floor space, a private garden of around 200 m², a storage room and pleasant views of the sea and the garden. The property requires a complete refurbishment, making it a particularly attractive option for investors, developers or buyers seeking a property with multiple possibilities in an established area of the Costa del Sol. Given its current layout, it may appeal to those wishing to keep the apartments separate and use them for medium-term rentals, holiday lets or tourist accommodation. At the same time, the size of the plot and its excellent location offer interesting potential for a new residential development, subject to planning consultation and approval by the relevant authorities. The property originally had a private swimming pool, which has since been removed; however, there is scope to consider reinstating it as part of a renovation project. A property offering a prime location, a generous plot, stunning views and plenty of potential: ideal for those looking to transform a property with character into a high-potential investment in Montemar, Torremolinos. In accordance with Law 10/2025 of 28 December on customer service and transparency, please note that the price quoted does not include the costs and taxes associated with the sale, which are detailed below: Property Transfer Tax (ITP): The standard rate for the Autonomous Community of Andalusia applies (usually 7%, calculated on the higher of the Cadastral Reference Value or the sale price). Reduced rates (3.5%, 1.2% or 1%) may apply depending on the circumstances of the buyer or the property. Further information is available on the website of the Tax Agency of the Regional Government of Andalusia. Notary fees: Notary fees will be calculated in accordance with the official scale set out in Annex I of Royal Decree 1426/1989 of 17 November, which approves the notarial fee scale. Registration fees: Registration in the Land Registry will be invoiced in accordance with the official scale set out in Annex I of Royal Decree 1427/1989. Administrative agency fees: Fees for administrative processing that cannot be calculated in advance for objective reasons. Agency Fees: The seller’s agency fees are included in the RRP. Fees may apply to the buyer only if they have independently engaged a Personal Property Shopper (PSI) service, which are not linked to the purchase price.