Description

Grupo Ibercosta is proud to present a unique investment opportunity in one of the most sought-after locations on the Costa del Sol. We are offering three prime development plots totaling 6,100 square meters, situated in the immediate vicinity of the iconic white village of Mijas Pueblo. This portfolio represents a rare chance to acquire high-potential land with the capacity to develop up to 53 luxury residential units, all benefiting from the breathtaking, elevated views that have made this region world-famous.

The Location: Mijas Pueblo and the Spirit of the South of Spain

Located in the heart of Andalusia, Mijas Pueblo is the jewel of the Costa del Sol. Perched on the mountainside at 430 meters above sea level, it offers a perfect microclimate and a lifestyle that blends traditional Spanish charm with modern luxury. This location is not just about the views; it is about the prestige. Investors and future homeowners are drawn to its cobblestone streets, vibrant plazas, and its proximity to the Mediterranean coast.

The plots are strategically positioned to offer the peace of a mountain retreat while being only a 20-minute drive from Málaga-Costa del Sol Airport and a short distance from the glamorous hubs of Marbella and Fuengirola. This specific area of Mijas is renowned for its high demand in the residential market, ensuring that any high-quality development will attract premium international and domestic buyers looking for exclusivity and beauty.

The Shermijas Project: Plots 1 and 2

The Shermijas Project comprises two distinct plots located on Camino De Los Caños, within the Mijas municipality. These plots are designated as Unconsolidated Urban Land (SUNC) sector AA, under the General Urban Planning Plan (PGOU) of Mijas. With a combined buildable area of 3,382 square meters, this project is designed for the creation of 23 high-end residential units.

Plot 1: Boutique Luxury within Walking Distance
This self-contained plot is located just a 5-minute walk from the center of Mijas Pueblo. Its proximity to the village makes it an ideal site for a boutique development of 10 apartments or townhouses. The infrastructure requirements for this plot are standard, and it boasts outline permission that allows for immediate progression in the design phase. The stunning views from this elevation are uninterrupted, providing a powerful selling point for future residents.

Plot 2: Expansion and Potential
Adjacent to the initial development, Plot 2 allows for the construction of 13 additional units. While this plot, along with Plot 3, requires the installation of a new access road and waste pipe infrastructure, these requirements have been fully accounted for in the current financial projections. The low land acquisition cost—positioned at approximately €40,000 per unit—ensures that the final profit margins remain highly attractive despite the infrastructure investment.

The Sapromijas Project: Plot 3

The Sapromijas Project represents the largest single component of this offering. Spanning a gross area of 6,000 square meters, this plot features a unique topographical character that allows for creative architectural solutions. The usable buildable area is 2,804 square meters, providing the space necessary to realize a significant residential vision.

The project vision for Plot 3 involves the development of 30 luxury apartments distributed across five independent blocks. This layout is designed to maximize privacy and optimize the panoramic views of the Mediterranean coastline and the surrounding mountain ranges. Bound by public roads and existing residential areas, the site is well-integrated into the urban fabric of Mijas while maintaining an air of secluded luxury.

Investment Potential and Flexibility

At Grupo Ibercosta, we understand that flexibility is key for institutional investors and developers. Therefore, these assets are available for purchase in two ways: through the direct acquisition of the land or through the purchase of the holding companies, Shermijas S.L. and Sapromijas S.L. This provides tax and administrative efficiencies depending on the buyer's corporate structure.

The financial fundamentals of this opportunity are exceptional. With a projected land cost of €40,000 per unit, the development is positioned to enter the market at a highly competitive price point while still commanding premium exit prices upon completion. The demand for new-build properties in Mijas Pueblo continues to outpace supply, particularly for projects that offer modern amenities, sustainable design, and the quintessential Mediterranean vista.

This is a rare occasion to secure a significant footprint in one of Southern Spain’s most resilient real estate markets. Whether you choose to develop the plots individually or as a comprehensive 53-unit master-planned community, the potential for capital appreciation and high return on investment is undeniable. Contact Grupo Ibercosta today for detailed technical specifications and financial projections.