Ref: 3498
Situated between Torremolinos and Fuengirola, the Benalmádena municipality combines 3 distinct areas: the traditional whitewashed Benalmádena Pueblo, the bustling commercial and residential centre of Arroyo de la Miel, and the lively coastal area of Benalmádena Costa. It is a popular residential and holiday destinations known for its thriving international community with a strong tourism economy and is within easy reach of Málaga city, offering an attractive Mediterranean lifestyle and supported by excellent infrastructure and amenities. Its attractions include the famous Puerto Marina, beautiful Mediterranean beaches, golf courses, leisure facilities, restaurants and a substantial hotel sector. Beyond tourism, Benalmádena offers the infrastructure of a well-established residential town: supermarkets, shopping centres, international schools, medical facilities, sports facilities, restaurants and everyday services.
A rare opportunity to acquire a substantial freehold commercial property in Benalmádena, offering immediate rental income from an established hospitality tenant and long-term capital appreciation. This attractive commercial property offers a total stated area of approximately 218m², comprising 130m² of interior space, an impressive 84m² covered terrace and 4m² of communal space and is located in an established residential neighbourhood. The property is currently leased until 2030 at a monthly rent of 1,500€ (18,000€ annually) with yearly inflation indexing, providing the new owner with an immediate income stream.
One of the property's standout features is its exceptionally large covered terrace, offering additional outdoor space for businesses by allowing customers to enjoy the outdoor lifestyle year-round.
The 130m² interior offers a large open space consisting of a large bar area, two toilets and a large kitchen with windows providing light and good ventilation. Additionally, a passageway from the toilets leads to a good-sized room (20m²) currently utilised for storage. There is an additional bathroom with a shower tray and WC in this area. These provide useful back-of-house facilities, as office or storage, helping to keep the main customer-facing areas functional and uncluttered. The property benefits from its proximity to a high-rise hotel, creating potential exposure to hotel guests and visitors.
For investors seeking commercial freehold property on the Costa del Sol, this opportunity represents an appealing combination of rental income and long-term property ownership.
- Annual rental income: €18,000
- Existing tenancy: Leased until 2030
- Ownership: Freehold
- Property area: Approximately 218m²
The current tenancy provides an established income stream without the immediate need to find a tenant or undertake a commercial fit-out. The gross rental yield will be in excess of 4.5% in a growing real estate market. At the end of the existing lease in 2030, there is an opportunity to review the rental arrangement, subject to the lease terms and applicable law. An income-producing freehold asset today, with further possibilities for tomorrow.
Important Notice.
If you are thinking about buying a business, always make sure you use a genuine and professional agency.
Mind Your Own Business is a fully Insured and fully legal SL (Limited Company) specialising only in commercial estate agency and business transfer. You can visit us to discuss your requirements and we also assist with any difficulties that may arise, based on over thirty-five years' experience in the business.
Note.
Please contact Mind Your Own Business for further information or to arrange a viewing.
