 INVESTMENTS
The Opportunity
Property Description
- Located 80 km west of Malaga close to Estepona
- Close to highway Malaga-Algeciras (45 mins to Malaga, 30 mins to Gibraltar airports)
- Plot size 108.000 m2, investment volume approx. ˆ 35 million
Investment Rationale
- Spectacular view on the coast line of Costa del Sol
- Located between two cities and surrounded by two paved roads
- Nearby location of a hotel and golf course
- Only sizeable plot available for development in the vicinity as neighboring plot is classified «protected» for at least 5 years
- No broker commission
Value Creation Potential
Proposed Development Plan
- Unification of the whole plot in one hand (currently 14 owners to achieve total area of >100,000 m2) allows for submission of a development plan to the municipality
- Development plan for a living complex including 1-2 swimming pools, a shopping centre and a restaurant
Exit Opportunities
- Planned sale to a developer in one piece
- Attractive sale already possible as early as a floor space level of only 0.35 is achieved
Location Map
The Plot is located in the Centre of Urban Development
The Plot in 2000
The Plot in 2007
- The proposed plot is the natural next step in urbanisation
Cadastral Plan
Considerations
The Path to owning the whole Plot
- The plot is owned by 14 individuals
- The largest plot is 20,000 m2, and without this plot, the other owners will not achieve total area of >100,000 m2 to be able to submit a development plan to the municipality
- Acquisition of this plot will cost approx. EUR 6m
- Neighboring plots can be purchased successively or an agreement with the owners can be reached to jointly develop the whole plot
Plot Characteristics
- The plot is situated on a slope towards the township and the Mediterranean Sea, offering tremendous views from almost each location
- It can be accessed by two roads and is only approx. 500m from the coastal road connecting Malaga, Gibralter and Algeciras. The motorway Malaga – Cadiz is 1 km away.
- A hotel has been built recently to the North of the plot
Surrounding Land
- An apartment complex is currently being built to the West
- The plot to the East is classified as «Protegido» and will not become urbanisable before the next territorial organization plan by the regional government of Andalucia in 2011
Spectacular View over the Mediterranean Sea
Spectacular View over the Mountains
|
