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Plot for Sale in Marbella (Málaga)  -  Ref.: JNP10029272

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Plot for Sale in Marbella

Price

9,500,000 €

Metro 2 Total880 €
Metro 2 Built1,500 €

Area

Total10,800 m2
Built6,332 m2

description

**Rare Opportunity: Prime Land Available on Marbella’s Golden Mile** We are thrilled to offer a unique investment prospect in one of Marbella's most sought-after neighborhoods. This expansive property spans 9,260 m², derived from an original plot of 10,800 m² through expropriations. Out of this total area, 6,332 m² is designated for construction, while the remainder is allocated for roadways and green spaces, as per the Detailed Study and accompanying parceling plans. - Comprises 6 individual plots, each around 1,000 m². - Buildability ratio: 0.26 m²/m² with a maximum permitted height of 7.5 meters. - Perfectly suited for luxury villas, with projected values ranging from €4 million to €5 million each. - Anticipated overall value for the completed project could reach between €24 million and €30 million. - Asking price for the entire land: €9.5 million (€1,500/m²). **Urban Planning Insights:** - An urbanization license for roads and utilities is currently being processed, which will minimize buyer risk and enhance property value. - The local council will require a guarantee of approximately 7% of the total construction budget. - Development or sale is feasible on all plots, except for those adjacent to the road, which are awaiting final boundary approval, projected to be secured shortly. - Noise reduction barriers are in the process of being installed, significantly improving the tranquility of the residential setting. **Technical Development:** - The project is overseen by a highly regarded architect known for their expertise and established rapport with municipal technical teams. - A geotechnical study is already in progress, and the anticipated ground conditioning work is expected to be less demanding than that required for neighboring plots, thereby lowering urbanization expenses.

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