High-Yield Investment in El Palo: Townhouse with 2 Independent Units & Tourist Licenses

From the first floor, you reach a fantastic private rooftop terrace designed as a secluded oasis. The terrace offers a generous layout perfect for barbecues, lounge furniture, and social gatherings, an elevated solarium with lovely views of the Mediterranean Sea, and a practical built-in storage room.

The property holds a valid tourist license, guaranteeing rental income from day one with high occupancy rates year-round. It has been renovated in a modern, functional style with air conditioning installed in both apartments. El Palo retains its authentic Spanish fishing village charm, featuring long sandy beaches, famous chiringuitos (beach restaurants), a wide range of amenities, and convenient connections to Malaga’s historic center. This is a turnkey property in an area where availability is virtually non-existent.

The property has recently undergone a renovation. All electrical and plumbing installations are new. The facades have been restored and waterproofed, and new windows and doors have been installed throughout.

On the ground floor, extensive groundwork was performed, including a complete floor excavation and new drainage piping. The exterior walls have been restored, insulated, and rebuilt with brick cavity walls for optimal moisture control and thermal insulation. The floor plan was opened up and reconfigured by moving non-structural walls, while both the kitchen and bathroom were enlarged and completely rebuilt. The upper floor has also been upgraded with new uniform flooring throughout, a more open feel between the entrance and kitchen, and renovated kitchen and bathroom facilities.