20-Bed Townhouse with Terrace in the Heart of Alora
€420,000€942/m²
20
bedrooms
3
bathrooms
446 m²
interior
90 m²
plot
Townhouse
property type
6 Aug 2026
listed
The Habio take
AI summaryThis unique 20-bedroom townhouse in Alora boasts an impressive layout and stunning views of the local castle. Perfectly located in the vibrant old town, it presents excellent potential for tourist accommodation such as a boutique hotel or B&B.
- investment
- rental income
- historic
- walkable
- tourist
- countryside
Highlights
- 20 bedrooms for high occupancy potential
- Beautiful terrace with castle views
- Close to shops, restaurants and local attractions
- Minutes from popular hiking trails
- Easy access to Malaga and the airport by train
Worth knowing
- Significant refurbishment may be required
- High maintenance due to size and number of rooms
Good fit for: Ideal for investors seeking a commercial property in a tourist-friendly area.
Lifestyle scores
- Beach
- 20
- Walkable
- 70
- Remote work
- 50
- Family
- 30
- Retirement
- 40
- Airport access
- 60
- Investment
- 75
- Luxury
- 40
- Value
- 70
About this place
This remarkable townhouse offers a generous 446 m² of internal living space, strategically situated in the charming old town of Álora. With 20 bedrooms, 3 bathrooms, and a well-appointed kitchen, this property is ideal for conversion into a boutique hotel or flat complex. The layout extends over three floors, making it a versatile investment opportunity.
A notable feature of this property is the beautiful terrace that provides stunning views of the castle of Álora, enhancing its appeal as a tourist destination. Additionally, there is a wine cellar that could be transformed into a storage space, wellness area, or communal gathering spot, further adding to the property's potential.
Conveniently located, the townhouse is just a short walk from the town hall and surrounded by charming squares, shops, and restaurants, placing you in the heart of Álora’s vibrant life. Its proximity to the famous Caminito del Rey hiking trail and El Torcal Natural Park attracts tourists year-round. With a train station just 10 minutes away on foot, you can easily reach the centre of Malaga and the international airport in under 40 minutes, making this property highly attractive for both short and long stays.
What this place offers
- terrace
- storage
Where you’ll be
Alora, Málaga, Spain
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
