Commercial land

Attention investors and developers! We present a unique opportunity to acquire a land of 16,295 m2 with a buildable area of 21,632 m2 in a high-level sector in the area of Caleta de Vélez, Malaga. Located in a high-end area next to the Baviera Golf Course and 900 homes (most of them detached with private gardens). Situated 500m from Caleta de Vélez, famous for its marina and magnificent beaches, among the best on the Costa del Sol and 20 minutes from Malaga. Its cadastral value is €8,849,932. It has a valid and current mortgage appraisal certificate from Tasación Hipotecarias S.A.U. for €8,636,737. Its sale price is only €3,900,000. Note that the sale price is €181/m2 of building (the cadastre has valued it at €410/m2 and the mortgage appraiser at €400/m2). Possible hotel use such as a 4-star hotel with 370 rooms, motels, apartment hotels, etc. The municipality has confirmed that up to 49% of the land can be used for any of the following purposes: community accommodation (nursing homes, student residences), offices and agencies (such as accounting firms, real estate agencies, banks, etc.), commercial use (markets, supermarkets, shops, etc.), medical services (hospitals, clinics, outpatient clinics, etc.), hospitality (cafes, bars, restaurants, nightclubs, casinos, etc.), industry (transformation of raw or semi-processed materials), education (schools, nurseries, universities, etc.), and recreational and cultural use (shows, cinemas, libraries, museums, etc.). In other words, it is possible to build, for example, 1 hotel and 1 nursing home. It is possible to obtain a building permit by paying the amount of the works guarantee for the simultaneity of urbanization and construction.