description

Exceptional chance to develop a six-story apartment complex featuring a rooftop and swimming pool, located in the heart of Estepona, just 50 meters from the beach (second line). This prime site is conveniently situated near the new Mirador building and the Estepona marina, and only 400 meters from the charming old town. This opportunity is perfect for investors looking to complete the project and subsequently utilize the property according to their vision. If you're an investor, consider utilizing the entire building for short-term rentals to maximize your return on investment (ROI). The anticipated rental ROI is projected at a net 10% annually after covering expenses, with no construction limitations imposed by other property owners. The plot comes with all the necessary permits, allowing you to commence construction immediately as all documentation is in excellent order. Fixed pricing is available for the project with the builder we've selected, or you may opt to work with your own contractor if you prefer. This project is organized under a specific company solely for the purpose of this land and its development, enabling buyers to acquire shares in the company without incurring additional registration or notary fees for the land transfer. This streamlined process saves both time and costs. Reach out to us for further details or to arrange a visit to the property.