R5363815, Plot Residential in Fuengirola
Ref # : R5363815
For sale € 329,500
Investment Opportunity in Fuengirola â Plot with Project for Commercial Unit and 4 Apartments
Excellent investment opportunity located in Fuengirola, within a consolidated urban area just a few minutes from the town centre, shops, restaurants,... Investment Opportunity in Fuengirola â Plot with Project for Commercial Unit and 4 Apartments
Excellent investment opportunity located in Fuengirola, within a consolidated urban area just a few minutes from the town centre, shops, restaurants, and all essential services.
The property currently consists of an existing house to be demolished, allowing for the development of a new residential building. The plot has an approximate cadastral surface of 59 m² (Cadastral Reference: 4746131UF5444N0001QM), although the actual land area is 63 m², and it currently includes a construction originally built in 1955.
All information has already been verified and confirmed by the technical department of Fuengirola Town Hall.
The property is offered with a basic architectural project already prepared and officially approved by the Málaga College of Architects, designed for the development of a building with one commercial unit and four studio apartments, distributed as follows:
Ground floor: commercial premises of approximately 27 m²
First to fourth floor: 4 studio apartments, one per floor
Staircase and installations area
Roof terrace
Each residential floor is designed with approximately 40.1 m² per studio, with an estimated built area of around 63 m² per floor, while the ground floor has approximately 61 m² built area, according to the architectural plans.
The project is currently pending the building license, which provides the buyer with flexibility to adapt the project or proceed with the development according to their investment strategy.
Ideal for:
Real estate developers
Buy-to-let investors
Tourist rental or long-term rental projects
Development of a small residential building in a central âlocation
Thanks âto âits âdevelopment potential âin âheight âand âits central âlocation, âthis âasset âoffers âstrong âprofitability potential, âwhether through âthe âindividual sale of âthe âunits âor âthrough ârental âexploitation.
Landscape Amenities
South West
Town
Commercial Area
Beachside
Close To Port
Close To Sea
Close To Town
Close To Marina
Marina
Port
Properties in same Property type
R5446459, Apartment Middle Floor in Fuengirola
For sale
€ 440,000
R5446450, Townhouse Terraced in Manilva
For sale
€ 315,000
R5446456, Apartment Penthouse in Los Pacos
For sale
€ 365,000
R5446447, Apartment Ground Floor in Marbella
For sale
€ 750,000



