Apartment Complex in Cancelada with Rooftop Pool and Solar Panels
€5,000,000€2,312/m²
1
bedroom
1
bathroom
2,163 m²
interior
Apartment
property type
5 days ago
listed
The Habio take
AI summaryThis apartment complex features 11 well-appointed apartments and boasts a rooftop swimming pool. Located in the tranquil area of Cancelada, Andalusia, it offers an impressive rental yield of 6%.
- investment
- luxury
- pool
- quiet
Highlights
- Fully rented with 6% rental yield
- Rooftop swimming pool
- Includes storage and underground parking
- Diverse unit types for different tenants
- Energy-efficient with solar panels
Worth knowing
- Located in a quiet area, amenities may require travel
- Dependent on the rental market for income
Good fit for: Ideal for investors seeking a turnkey rental property in a climate-friendly building.
Lifestyle scores
- Beach
- 50
- Walkable
- 55
- Remote work
- 60
- Family
- 45
- Retirement
- 70
- Airport access
- 70
- Investment
- 80
- Luxury
- 75
- Value
- 65
About this place
This multifunctional building in Cancelada comprises 11 apartments, including four two-bedroom, two-bathroom units, five one-bedroom lofts, and two three-bedroom, two-bathroom apartments, along with three commercial spaces of 400m² each.
Each apartment comes with underground parking and a storage room, ensuring convenience for residents. The highlight of the property is the rooftop terrace that features a swimming pool, ideal for relaxation and enjoyment under the sunny Andalusian skies. Additionally, the building benefits from solar panels, contributing to energy efficiency and sustainability.
Currently, the complex is fully rented out, generating a robust profit and a 6% return on investment, making it an attractive option for investors.
What this place offers
- swimming pool
- solar panels
- underground parking
- storage
Buying 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
