Description

Grupo Ibercosta is proud to present an exceptional investment opportunity located in one of the most sought-after residential enclaves on the Costa del Sol. This expansive plot of land, situated in the heart of Riviera del Sol, offers a rare combination of scale, location, and versatility, making it a premier choice for developers looking to capitalize on the thriving Mediterranean property market. With the potential to create a landmark residential complex, this site represents a significant opportunity in the South of Spain’s architectural landscape.

Riviera del Sol is a perfectly established residential area located in Mijas Costa, strategically positioned between the vibrant city of Marbella and the bustling town of Fuengirola. This location is renowned for its international community, exceptional microclimate, and proximity to some of the best leisure facilities in Europe. The plot enjoys a privileged position that provides easy access to the AP-7 highway and the A-7 coastal road, ensuring that Malaga International Airport is reachable within just 25 minutes. Residents of a future development here would benefit from being minutes away from the pristine beaches of the Mediterranean, world-class golf courses such as Miraflores Golf, and a wide array of commercial centers, fine dining, and essential services.

The South of Spain continues to be a magnet for both permanent residents and holiday seekers, driven by the quality of life, the 300+ days of sunshine per year, and a robust infrastructure. Investing in Riviera del Sol means investing in a consolidated market with high demand for modern, high-quality housing. The area offers a relaxed lifestyle while remaining close to the luxury lifestyle of Puerto Banús and the traditional charm of Mijas Pueblo, making it a versatile location that appeals to a broad demographic of international buyers.

This substantial plot boasts a total buildable area of 7,080 m2 designated for residential use. One of the most compelling features of this land is its compatibility with hotel use, offering a strategic alternative for investors interested in the hospitality sector, which continues to see record-breaking numbers in the Andalusia region. The current zoning and previous planning allow for the development of a sophisticated residential complex comprising 64 spacious apartments. The vision for the site includes a mix of 2 and 3-bedroom units, specifically designed to meet the modern standards of luxury and comfort expected on the Costa del Sol.

Each of the 64 projected apartments is planned to include its own dedicated storage room and a private parking space, addressing two of the most critical requirements for contemporary homeowners. The layout of the plot allows for the creation of extensive communal areas, including landscaped gardens and swimming pools, which are essential for high-end developments in this region. The scale of the buildable area ensures that the final product can offer generous interior living spaces and expansive terraces to maximize the stunning views and the Mediterranean light.

From a technical and planning perspective, this project offers a significant head start. A construction license was previously granted in 2012. Although this license has since expired, its existence serves as a valuable precedent, demonstrating the site’s viability for high-density residential development. Furthermore, there is a detailed preliminary project already designed for the site. This project outlines the construction of two elegant residential blocks with a total of 7,017 m2 built above ground. This existing architectural framework provides a clear blueprint for development, potentially saving the investor significant time in the initial design and feasibility stages.

It is important for potential investors to note that the transaction for this land is subject to Value Added Tax (VAT) at the rate of 21%, rather than Property Transfer Tax. This fiscal structure can be particularly advantageous for corporate developers and professional investment entities operating within the European tax framework. Grupo Ibercosta is available to provide detailed documentation regarding the previous project and the technical specifications of the land to ensure a transparent and efficient acquisition process.

The combination of a prime location in Riviera del Sol, a generous buildable area, and the flexibility of usage makes this plot one of the most attractive development sites currently available in the South of Spain. Whether the objective is to build a high-end residential community or a boutique hotel, the potential for a high return on investment is evident. The Costa del Sol remains a safe haven for real estate investment, and a project of this magnitude in such a well-connected area is a rare find.

At Grupo Ibercosta, we specialize in identifying high-value opportunities for our clients. We invite interested parties to contact our professional team for a private consultation, a site visit, and a comprehensive review of the project files. This is your chance to shape the future of Riviera del Sol and deliver a project that defines modern Mediterranean living at its finest.