House in Mijas

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This property represents an extraordinary development opportunity in the desirable Mijas area, perfectly nestled along the bustling Mijas/Fuengirola road, just one kilometer below the charming pueblo. Spanning an impressive total of 18,000 square meters, this plot offers a wealth of potential, with one third designated as buildable land.

Currently, there is approved planning permission for the construction of ten spacious townhouses, each encompassing 276 square meters. However, there is flexibility within the existing approval that could potentially allow for adjustments while adhering to the overall build size limit of 2,760 square meters. The relatively flat terrain of the buildable section ensures straightforward construction and easy access from the main road, making it an attractive prospect for developers.

Additionally, an adjacent plot of 2,900 square meters is available for purchase at an additional cost of 180,000 euros, which could elevate the total number of townhouses to twelve, further enhancing the investment potential.

The existing villa on the property, measuring 326 square meters, presents an opportunity for modernization. It features a separate apartment, a garage, and a private pool, with the potential to accommodate up to five bedrooms. This villa could be transformed into a luxurious independent residence or even a boutique bed and breakfast, subject to town hall approval. Furthermore, this portion of the plot could be separated from the new construction, adding to its versatility.

Elevated above the surrounding landscape, the property boasts stunning views that sweep down to the sea, creating a serene environment for future residents. The non-buildable portion of the plot will remain a tranquil green oasis, gently sloping down to the riverbed, providing a natural retreat.

This unique investment opportunity promises substantial returns, making it a perfect choice for developers and investors alike. The suburban setting offers easy access to village amenities and is close to town, ensuring that residents can enjoy both the peace of the countryside and the vibrancy of local life. With its south-facing orientation, the property benefits from ample natural light throughout the day, enhancing its appeal. Features such as a private terrace, double glazing, and an alarm system add to the comfort and security of the space, while the private garden and garage further enhance its desirability. This is a remarkable chance to capitalize on a prime location in one of Spain’s most sought-after areas.

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