Estepona Land R5402674

Urban Development Plot in Calle Real, Estepona

Discover an exceptional urban plot located on the prestigious Calle Real in Estepona. This prime site has an approved preliminary project for the construction of seven residential units, along with a commercial premises within a multi-family residential building, making it a highly attractive opportunity for investors.

With a total gross buildable area of 544.5 m², the project spans across the ground floor and five upper floors, culminating in a penthouse level. The current owner will retain 72.2 m² on the ground floor for two commercial units, offering for sale the remaining 472.3

m² designated for residential development.

In addition to the residential aspect, the construction costs will be shared proportionally between the current owner and the buyer, facilitating a collaborative investment approach. This unique opportunity not only promises significant returns but also allows for the creation of a vibrant living space in a bustling area.

Situated in the heart of Estepona's historic centre, this plot is just a short stroll from the beach, enhancing the lifestyle appeal of the location. The surrounding area boasts a mix of cultural attractions, shopping, and dining options, making it one of the most sought-after regions on the Costa del Sol.

Planning information confirms the primary use for residential development within a multi-family building, while also permitting hospitality use under specific conditions. This flexibility adds to the project's potential, attracting diverse investor interests.

With a maximum of six levels, including the ground floor, and a maximum building height of 22 metres, this development site offers the chance to create a landmark Land in Estepona. Its exceptional location within a rapidly growing area further solidifies its status as an outstanding investment opportunity.