"Attention Investors!
Urban Land Investment Opportunity in the Sierra de Torremolinos
Strategic Location
This land is located in the Sierra de Torremolinos, adjacent to the El Pinar and Las Velas urbanizations. It is close to the highway, the Conference Center, and the upcoming largest shopping and entertainment center in Andalusia (INTU). Additionally, the land borders the future largest golf course in Málaga, which has already obtained final approval.
Land Characteristics
Total Area of the Partial Plan: 54,055 m².
Classification: Urban Residential compatible with other uses.
Type of Land: Programmed Developable Land (SUP) – SUP R. 2-4.
Gross Buildability: 0.20 m²/m².
Building Density: 15 homes per hectare.
Applicable Ordinance: UAS-2 – Minimum plot of 400 m².
Compensation System: Compensation.
Number of Buildable Homes in the Sector: 81 homes.
Altitude: The highest point of the land has an altitude of 97.94 meters above sea level, and the lowest point is at an altitude of 59 meters.
Additional Information Available
Planning Sheet: Approved by the Torremolinos City Council.
Bases and Statutes of the Compensation Board: Approved and published in the Official Gazette of the Province (BOP).
Sector Report and Description: Technical and specific details about the URO2 sector.
Highlighted Features
Panoramic Views: The land offers impressive views of the sea, the city of Málaga, and the Sierra.
Major Adjacent Projects: Adjacent to the future largest golf course in Málaga and approximately 1 km from the advanced project for the construction of the largest shopping and entertainment center in southern Spain. More information about this project can be found at the following link: INTU Shopping Center.
Purchase Options
Majority Partial Purchase:
Plots: Purchase of the majority owner's plot (22,540 m²) and Shelley's plot (16,318 m²), totaling 38,858 m².
Percentage: Represents 71.90% of the total sector.
Price: 120 € per square meter, totaling 4.662. 960 €, negotiable depending on the payment method.
Total Purchase:
Plots: Purchase of all plots except one with an existing house and another smaller than 400 m².
Price: 6.300. 000€, also negotiable.
Conclusion
This is an excellent opportunity for investors looking to acquire urban land in a developing area with great appreciation prospects. Don't miss this unique opportunity in the Sierra de Torremolinos.
If you want to receive a complete dossier with all the information, do not hesitate to contact us."
| Ref | DPIe24962 |
| Type | Residential Plot |
| Bedrooms | 0 |
| Bathrooms | 0 |
| Parking | No |
| Garden | No |
| Pool | No |
| Built Size | 0m² |
| Terrace Size | 0m² |
| Plot Size | 38.858m² |
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Formerly part of Malaga, Torremolinos is the first coastal resort situated West of Malaga, located just 7 kilometres from Malaga international airport. Developed back in the early 1960´s when it was no more than a fishing village, the town still retains several of the historic fish restaurants and bars.
Noted for its clean sandy beaches Torremolinos has evolved over the years and during peak seasons is one of the more lively towns on the coast, with nightlife that appeals to the younger generation. However, off season the town reverts back to a more traditional Spanish ambience.
As one of the more populated conurbations, Torremolinos has historically had a reputation of being densely populated, however, more recently there has been an emergence of numerous public garden zones with over 1,000 different species of trees being planted.
A major advantage of being more densely populated is the shopping facilities, the main “high street” Calle San Miguel is a pedestrianised street lined with numerous popular boutiques and shopping facilities.
Those looking for an active holiday will particularly enjoy the beaches which offer a wide array of activities including windsurfing, paragliding, waterskiing and pedal boats. The area is also suitable for golfers with Alhaurin and Parador being the most popular courses.
The distance from the airport and lively nature of the town have maintained the areas popularity with tourists and more economic property prices combined with strong rental demand makes the area also desirable for buy to let investors.
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