Fuengirola Residential Plot R5363815

Investment Opportunity in Fuengirola – Explore a prime Residential Plot with an approved project for a commercial unit and four studio apartments, located in the heart of Fuengirola. This Residential Plot is situated within a well-established urban environment, just minutes away from the town centre, offering easy access to shops, restaurants, and essential services for a convenient lifestyle.

The plot, measuring approximately 63 m², currently includes an existing house built in 1955, which is set to be demolished. With the cadastral surface of 59 m² (Cadastral Reference: 4746131UF5444N0001QM) verified by the technical department of Fuengirola Town Hall, this site is primed for redevelopment, unlocking its full potential.

Included in this opportunity is a basic architectural project, officially approved by the Málaga College of Architects. The proposed development consists of a ground floor commercial unit of roughly 27 m², alongside four studio apartments, each designed with approximately 40.1

m² of living space, and a rooftop terrace, making it ideal for modern living.

The project is currently awaiting a building licence, providing the buyer with the flexibility to tailor the development according to their investment strategy. This flexibility makes the plot appealing for various investors, including real estate developers and buy-to-let investors, as well as those looking into tourist rental or long-term rental projects.

With its central location, this asset boasts significant profit potential. Whether through the individual sale of the units or through rental exploitation, investors can benefit from the growing demand for housing in Fuengirola. The combination of development potential and desirable location makes this plot an attractive choice for creating a small residential building in a vibrant area.