El Madronal Land to buy
| Location: |
El Madronal
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Bedrooms: |
0
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| Type: |
Land
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Bathrooms: |
0
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| Orientation: |
Not Stated
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Build Size: |
0 m2 (0 ft2)
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| Tenure: |
Freehold
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Plot Size: |
0 m2 (0 ft2)
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| Reference: |
466975MME036M
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Terrace Size: |
0 m2 (0 ft2)
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Property Description
Fancy making more than 600.000 euros within 2 years?? This is a rare opportunity to develop your very own dream project within one of Spain´s most exclusive residential areas.
La Reserva del Madroñal is one of Southern Europe´s finest addresses, located next to the famous La Zagaleta Country Club, only 15 minutes drive away of Europe´s premier yacht harbour, Puerto Banus.
This private estate offers total privacy and 24 hour protection. Majestic villas and mansions dot the dramatic landscape.
The sought after plot of land of 5,668 sqm offers open views, partially on to the sea. Electricity, water and sewage available on the plot.
Investment Potential
- Estimated Project Costs - developing the existing plans (for a 5 bed mansion) would cost in the region of 800,000 euros, equating to total project cost (including land purchase) of around 1,200,000 euros
- Market Value - due to the lack of available land and the exclusive nature of the neighbourhood, similarly sized completed properties are currently in high demand, and are being marketed at between 2,000,000 euros and 3,000,000 euros (depending on location, views and spec).
- Potential Uplift in Value - estimated in the region of 800,000 euros.
Finance Options
Finance is available (subject to status) for the development, for up to 70% of the projected total project value, potentially on an interest-only basis during the period of construction., Electricity, Water
