A proposed development project for between 391 to 431 apartments plus projects in the sector for schools, sporting projects, commercial and social housing. Location between Fuengirola and Marbella and just 800 m from the beach with easy access to Malaga airport, the area is very popular with lots of shops, bars, restaurants, large supermarkets (Lidl, Aldi, Mercadona, etc.) and an expanding development zone. A new exit and access to AP7 main costal road is also planned 500 meters from the plot with a new new Olympic swimming pool being built close by. Situated within minutes of 3 championship golf courses, and the beach within the Mijas area. Excellent facilities and commercial area close by.
The land comprises of 176,203m2 with road and services access with currently 39,068m2 build allowance. Further details on the urban situation are available on registration. Currently up to 391 units can be built with a profit of around 50 million euros for investors, but luxury hotels, nursing homes, doctor / health center with associated shops, etc. will also be good investments, as there is a great shortage in the area, which is growing wild. It is suggested that if residencial care facilities for the elderly are included in the project, a higher cuota of properties can be built. Although the final details of the planning permission for the project have not been completed meetings have taken place with the Mijas Ayuntamiento and the Mayor and been favourably received.
The company which owns the land can be purchased on favorable terms. Please note, the price quoted is to buy the shares in the company which owns the plot outright. The price to buy the plot alone, without the company is €15´950´000.
Due to the current status of the land, an option to purchase is now available, terms as follows:
The buyer pays €1,000,000 as a deposit when buying the SL company which owns the plot (the company is debt-free). If the plot of land is not approved within 1 year, the buyer can get his money back.
Buyer pays legal fees and Notary in connection with the deposit.
If the piece of land is approved within 1 year, the buyer takes over all shares in Scandia Pueblos SL for € 15,950,000, minus the deposit of € 1,000,000.
Seller pays various sales costs, own lawyer and notary.
Buyer pays own lawyer.
When buying the plot alone, the price is € 16,950,000 + VAT minus the deposit of € 1,000,000 .
Orientation : North, North East, East, South East, South, South West, West, North West.
Views : Sea, Mountain, Golf, Country, Panoramic, Forest.
