Description

Grupo Ibercosta is proud to present a truly exceptional investment opportunity located in the heart of one of the fastest-growing and most promising residential and commercial corridors in Southern Spain. Situated in the prestigious New Golden Mile, specifically in the vibrant area of Cancelada, Estepona, this urban plot offers a rare combination of strategic positioning, high visibility, and versatile development potential. As the Costa del Sol continues to experience a surge in demand for high-quality residential and commercial spaces, this property stands out as a high-value asset for savvy investors and developers looking to capitalize on the region’s steady expansion.

Strategic Location in the Heart of the Costa del Sol

The property enjoys an enviable location immediately adjacent to the N-340 national road, the main artery connecting the coastal towns of the South of Spain. This positioning ensures unrivaled visibility for any future commercial enterprise and provides effortless access for residents and visitors alike. Cancelada has transformed into a highly sought-after enclave, bridging the gap between the traditional charm of Estepona and the luxury lifestyle associated with Marbella.

Geographically, the plot is situated in a "sweet spot" of the coast. Residents or guests will find themselves just a 5-minute walk from the golden sands of the Mediterranean beaches. Furthermore, a short 5-minute drive leads directly into the picturesque center of Estepona, known for its flower-filled streets and modern promenade, while the world-famous Puerto Banús and Marbella are reachable within approximately 10 to 12 minutes. This proximity to major hubs makes it an ideal site for those seeking the perfect balance between tranquility and urban convenience.

Exceptional Plot Features and Corner Position

One of the most significant physical advantages of this urban plot is its corner position. With access points from two different streets, the property offers a level of architectural flexibility that is rarely found in standard plots. This dual access is a vital asset for both residential and commercial projects, allowing for optimized traffic flow, better natural light distribution, and the possibility of creating separate entrances for different uses, such as a private residential entrance and a distinct commercial storefront.

The development potential of the land is substantial. The plot is zoned to allow for the construction of a ground floor plus two additional levels (Ground Floor + 1 + 2). A unique and advantageous aspect of this sale involves a collaborative development agreement: the current owner will retain ownership of the built area on the ground floor to establish two commercial premises. Crucially, the owner will cover the proportional construction costs associated with the ground floor. This means the buyer or developer acquires the rights to develop and own the first and second floors, benefiting from a reduced initial capital outlay for the foundation and structural base provided by the ground floor development.

Urban Planning and Diverse Development Possibilities

From an urban planning perspective, the plot is highly versatile, governed by favorable regulations that allow for a maximum buildability of 2.04 m²t/m²s. This high coefficient ensures that the resulting project will have a significant volume and presence in the local skyline, maximizing the return on investment. The land is classified for a variety of high-demand uses:

The primary permitted use is Residential, making it a perfect candidate for luxury apartments or modern studios in an area where rental and sale prices continue to climb. In addition to housing, the plot allows for complementary uses such as educational, cultural, and sports facilities, which are essential for the growing community of Cancelada. Furthermore, the zoning is compatible with hotel, office, retail, and hospitality uses. This wide range of possibilities allows the developer to pivot the project according to market trends, whether that be a boutique hotel, a professional office building, or a high-end residential complex with commercial synergy.

A Thriving Community with Unmatched Amenities

Beyond the boundaries of the plot, the surrounding area of Cancelada offers a fully consolidated urban environment. This is not a remote development but a property integrated into a living, breathing community. Within walking distance, one can find large international supermarkets, pharmacies, traditional Spanish restaurants, trendy cafes, and professional gyms. Public transport connections are also excellent, facilitating easy movement across the Costa del Sol without the constant need for a private vehicle.

In summary, Grupo Ibercosta offers you a chance to secure a foothold in Estepona’s most dynamic expansion zone. This plot represents more than just land; it represents a strategic move in a market that shows no signs of slowing down. With its corner location, shared construction costs on the ground floor, and flexible urban uses, this is the definitive choice for a successful development project in the South of Spain. Contact us today for more technical details and to arrange a site visit.