Investment Property with Three Rental Units in Central Estepona

350.000 €

  • Ref: 945-00451P
  • Where Estepona
  • Subarea Estepona Centre
  • Type Apartment
  • Bedrooms: 4
  • Bathrooms: 3
  • Built 120 m2

Located in the heart of Estepona, this property represents an interesting investment opportunity primarily suited to the long-term rental market. The property is currently configured into three separate rental units, with a registered area of 98 m² corresponding to the main apartment and an additional 22 m² rooftop structure.

Unit A offers approximately 34 m² of built area and is arranged as a compact unit comprising a living area, kitchen, bedroom and bathroom.

Unit B, with approximately 64 m² of built area, is the largest of the three and comprises a living area with kitchen, two bedrooms and a bathroom.

On the upper floor, Unit C occupies the 22 m² rooftop structure recorded in the Land Registry and is currently arranged as a studio with living and sleeping area, kitchen and bathroom. It also benefits from a private terrace of approximately 21 m².

The three spaces are currently fitted out for rental use, providing a configuration particularly suited to an investor seeking income from long-term lettings. According to the owner's estimates, the property has the potential to generate gross rental income in the region of €2,000 per month, subject to occupancy, rental agreements and prevailing market conditions.

The property enjoys a well-established central Estepona location, with shops, services, restaurants and the main amenities of the town centre within walking distance.

The property's current physical configuration does not correspond to a legal or Land Registry division into three independent properties. Buyers and their legal and technical advisers should review the documentation and planning status of the existing alterations prior to completing any purchase.

 

Characteristics

  • Amenities near
  • Beach Side
  • City views
  • Close to restaurants
  • Close to schools
  • Close to shops
  • Fully furnished
  • Good condition
  • Individual A/C units
  • Kitchen equipped
  • Mains water supply
  • Mountain view
  • No Garage
  • No Garden
  • No Pool
  • Open plan kitchen
  • Roof terrace
  • Separate apartment
  • Street view
  • Transport near
  • Urban view

Annual taxes & community costs

  • IBI: 421 euros
  • Rubish tax: 117 euros

Proximities in Estepona Centre, Estepona

  1. San José School Guadalmina: 16 Km
  2. Atalaya International College: 19 Km
Healthcare
  1. Hospiten Estepona: 9 Km
  2. Hospital de Alta Resolución de Estepona (Public): 11 Km
Locations
  1. Puerto Banús: 22 Km
  2. Sotogrande: 30 Km
  3. Marbella: 32 Km
  4. Gibraltar: 48 Km
  5. Málaga: 91 Km
Schools
  1. San José School Estepona: 3 Km

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    Estepona

    Estepona

    Estepona is located on the western Costa del Sol, in an area where the coastal lifestyle blends with a more relaxed background than nearby cities like Marbella. Its identity is based on a unique combination: an extensive and bright coastline, a carefully restored old town, and a cultural offering that has turned its streets into points of access to art. Nowadays, its old town, which is entirely pedestrianized, has become one of the main charms of the city. Narrow passageways, potted plants in bright colors, and whitewashed façades create an environment that fuses aesthetics with Andalusian tradition, which has contributed to its popularity. The plazas of Ortiz, Las Flores, and Rincón Gitano maintain part of the social pulse, while bars and small shops with a local atmosphere preserve a neighborhood feel that has not faded despite the growth of tourism. The seafront gives it a distinct character: more than twenty kilometers of coastline, with extensive light-sand beaches, among which Rada —the most urban— and El Cristo, calm and family-friendly, stand out. The Promenade is one of the busiest routes, accessible both to athletes who exercise at dawn and to casual strollers. Meanwhile, the marina is a small nightlife hub with restaurants, bars, and boating activities. Over the past decade, the city has launched a cultural initiative that defines it: The Artistic Murals Route, which stretches across entire building facades and an increasing number of sculptures and themed areas. Estepona's image has been completely transformed, becoming an 'open-air museum,' thanks to this commitment to cultural urbanism. The Sierra Bermeja rises as a backdrop in the natural environment, with paths that wind through pine forests and the reddish landscapes characteristic of this unique mountain. In addition, there is Selwo Aventura, a nature and wildlife park that attracts families and tourists from all over the Costa del Sol. Estepona has experienced significant development with the creation of new hotels, residential areas, landscaped promenades, and services that have expanded its tourist and residential offerings; however, the city has tried to maintain a calmer image compared to its more glamorous neighbors. Its economy is based on commerce, hospitality, tourism, and an active real estate sector; nevertheless, it retains a local character that is evident in its festivals (such as the San Isidro Fair) and its markets. Although its economy is based on trade, hospitality, tourism, and an active real estate sector, it maintains a local spirit that can be seen in its markets, celebrations — for example, the San Isidro Fair — and in its cuisine, which features Mediterranean dishes and fresh fish. In general, Estepona presents itself as a place that has managed to update its image without completely losing its traditional essence: a bright city with the feel of a large town, blending culture, sea, nature, and tranquility.

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