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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

**Prime Land for Sale in Marbella’s Golden Mile** Discover a unique investment opportunity in the heart of Marbella's prestigious Golden Mile. This expansive property spans 9,260 m², a result of strategic land consolidation from an original 10,800 m² plot. Out of this, 6,332 m² is designated for construction, while the remaining area is set aside for roads and communal spaces, in line with the Detailed Study and accompanying parcel plans. - Comprises 6 individual plots, each approximately 1,000 m². - Buildability ratio: 0.26 m²/m² | Maximum height allowable: 7.5 meters - Ideal for the development of high-end villas, each projected to be valued between €4–5 million - Anticipated total value of the completed development: €24–30 million - Asking price for the entire land: €9.5 million (€1,500/m²) **Urban Development Insights:** - The urbanization license, covering infrastructure and utilities, is currently in progress, minimizing buyer risk and enhancing the land's market potential. - The local authorities will require a financial guarantee, estimated at around 7% of the total construction budget. - Development or sales can commence on all plots, except those adjacent to the road, which await final boundary approval that is anticipated soon. - The installation of noise barriers in the vicinity is underway, significantly improving the overall living environment. **Technical Development Overview:** - The project is being spearheaded by a highly regarded architect with a wealth of experience and established rapport with municipal technical officials. - A geotechnical study is already in progress, with preliminary ground conditioning expected to be less demanding than that of adjacent sites, thus lowering urbanization expenses.

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