€12,500,000

Project for a building with tourist apartments for sale. Turnkey handover. Plot located in the area of El Palo in Malaga city, 250 meters from the beach. A prime location due to its high visibility for business and its proximity to the seafront promenade and amenities. According to the project there will be 37 units (2-key category), as well as reception/bar-café on the ground floor, swimming pool and communal facilities on the roof. Total built area – 1.984,45 m2. Building permit is already granted. Construction period is about 20 months. Expected profitability is 6.57%. * The photo does not correspond to reality.