Plot in Torremolinos

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Descripción

This is an exceptional investment opportunity situated in the vibrant area of Torremolinos. The property consists of a combination of two plots, boasting a generous total surface area of 2,253 m2. This prime location is positioned near El Pinillo and is surrounded by established residential areas, making it a highly desirable site with significant potential for growth and transformation.

Ideal for developers, construction companies, and investors eager to embark on a new residential project, this property presents a unique chance to capitalize on the evolving landscape of the region. According to a preliminary urban planning study, and pending final confirmation from the Town Hall, the site may permit a Ground Floor plus two additional floors, offering a valuable framework for future construction.

Moreover, plans are underway for the extension of a new road that will traverse part of the plots, which is projected to impact the area by approximately 450 m2. After accounting for this future road, the net land area is estimated to be around 1,803 m2. The exact layout and area affected will be confirmed by the Town Hall, ensuring that all specifications are adhered to for optimal development.

With a net area in mind and based on the preliminary study, the development potential could yield approximately 5,000 to 5,400 m2 of buildable floor space. This could facilitate the construction of around 45 residential units, contingent on the design, layout, communal areas, and parking specifications in line with the final approved project.

The property is ideally located in a thriving area with remarkable potential for urban development, with easy access to established residential neighborhoods and excellent connectivity to Torremolinos, Benalmádena, and Málaga. Residents will benefit from nearby amenities, including a Cercanías commuter train station, supermarkets, shops, schools, restaurants, and an array of essential services. This makes the location particularly appealing for future residential development, catering to a diverse range of potential buyers.

This opportunity to acquire land with significant development potential in an area poised for future growth and transformation should not be overlooked. The current total land area stands at 2,253 m2, with an estimated net land area of 1,803 m2 after the future road construction. The preliminary study suggests potential for Ground Floor plus two additional floors, with an indicative capacity for approximately 45 residential units.

The price is negotiable, and serious proposals from developers and investors interested in this promising site will be taken into consideration. Urban planning information provided is indicative and based on preliminary studies, subject to confirmation by the relevant Town Hall authorities.

It’s important to note that our agency fees are included in the sale price, ensuring that you will not incur additional costs for management or real estate advisory services. In compliance with Decree 218/2005 of the Andalusian Regional Government, we inform you that notary fees, property registration fees, Property Transfer Tax (ITP), and other expenses associated with the sale are not included in the price.

The information shared is intended for guidance only; it is non-binding and holds no contractual value. This offer is subject to errors, price changes, availability, and/or withdrawal from the market without prior notice. We recommend contacting our agency to obtain the latest details and verify the information provided, ensuring you have the most accurate and up-to-date insights as you consider this remarkable opportunity.

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