description

This is a remarkable chance to develop a six-story residential building featuring a rooftop terrace and pool, perfectly situated in the heart of Estepona, a mere 50 meters from the beach (second line). The location is in close proximity to the new Mirador building, Estepona's vibrant port, and just 400 meters from the charming old town. This property is an excellent investment opportunity for those looking to complete the development and utilize the building at their discretion. Investors can capitalize on the entire structure for short-term rentals, potentially achieving a lucrative return on investment (ROI) estimated at a net 10% annually after expenses, all while enjoying the freedom from construction limitations imposed by other owners. The plot comes fully licensed and is primed for immediate construction, with all requisite documentation in place. Additionally, construction costs from the preferred builder are locked in, offering you the option to work with them or choose your own contractor if desired. The project is associated with a dedicated company specifically for this property, allowing buyers to seamlessly acquire company shares without incurring new registration or notary fees for the land transfer. This process streamlines both time and costs for a hassle-free transaction. For further details or to schedule a visit to the site, please reach out to us.