Description

Grupo Ibercosta is proud to present a truly exceptional investment opportunity nestled in the heart of the Costa del Sol. This development site, located in the prestigious and picturesque white village of Mijas Pueblo, offers a rare combination of traditional Andalusian charm and high-yield modern development potential. Positioned just a short, scenic stroll from the bustling center of the village, this land represents one of the final opportunities to acquire prime real estate with such commanding views and strategic zoning in Southern Spain.

Boasting a highly sought-after South-West orientation, the property provides absolutely breathtaking, panoramic views. From this vantage point, future residents will enjoy a sweeping canvas that stretches across the vibrant town of Fuengirola, the majestic Mijas mountain range, and the shimmering turquoise waters of the Mediterranean Sea. This location offers a unique lifestyle where the tranquility of the mountains meets the vibrant energy of the coast, making it a magnet for international buyers and savvy investors alike.

Strategic Location and Mediterranean Lifestyle

Mijas Pueblo is world-renowned for its whitewashed streets, flower-filled balconies, and rich cultural heritage. Being situated in the south of Spain, this location benefits from over 300 days of sunshine per year, making it a premier destination for luxury residential projects. The site is perfectly positioned for convenience; it is located directly next to a local school and enjoys easy access to public transport, with a bus stop situated only moments away. This ensures that while the development offers a peaceful retreat, it remains perfectly connected to the essential amenities of modern life.

The proximity to the AP-7 motorway means that the international airport in Málaga is only a 20-minute drive away, while the luxury hotspots of Marbella and Puerto Banús are reached within half an hour. For the future residents of this development, the balance between authentic Spanish village life and the cosmopolitan amenities of the Costa del Sol will be a primary selling point.

Detailed Investment and Technical Overview

This investment package consists of two adjacent parcels of Unconsolidated Urban Land (SUNC) located on Camino de los Caños. The property is currently in the final stages of a PGOU (General Plan of Urban Planning) boundary regularization. Once successfully secured, this regularization will enable highly favorable, high-density zoning, allowing the future owner to maximize the profitability of the site. The technical specifications for the development are as follows:

The total combined area of the site is approximately 3,609 m², with an approved zoning of CJ-3 (Garden City / Ciudad Jardín). One of the most attractive aspects of this project is the highly profitable buildability ratio of 1.16 m²t/m²s. Outline planning has already been granted for a total of 23 residential units across the two plots, with a permitted height of up to 10 meters, allowing for a Ground Floor plus two additional levels (GF+2).

Development Breakdown: Plot 1 and Plot 2

The project offers significant flexibility, allowing for a phased development approach. The total approximate build allowance for the entire site is 3,382 m². The land is divided into two distinct sectors:

Plot 1 (Top Plot): This parcel features a total area of 1,865 m² with a buildable area of approximately 1,748 m². Current outline planning allows for the construction of 10 luxury apartments. This plot is particularly attractive for immediate development as it requires no new road construction or waste pipe installation, allowing for a direct and cost-effective connection to existing municipal services.

Plot 2 (Bottom Plot): Spanning a total area of 1,744 m², this plot has a buildable area of approximately 1,634 m². It is designated for 13 apartments. Development of this parcel will require the construction of a new 100-meter access road and connection to the nearby waste management system, providing an opportunity to create a private, gated environment for the lower section of the complex.

Corporate Purchase Options

To accommodate the diverse needs of corporate investors, the seller is offering two distinct acquisition structures. Option A allows for the direct purchase of the land for €850,000. For those seeking optimized fiscal structures, Option B offers the purchase of the holding company for €900,000. Acquiring the company provides a significant tax advantage by carrying forward capital losses, which can be offset against future profits of the development project, subject to current regulations. All statutory filings and accounts for the entity are fully up to date, ensuring a transparent and efficient transition of ownership.

This is a landmark opportunity to shape the skyline of Mijas Pueblo. Grupo Ibercosta invites serious investors to explore the potential of this site, where the heritage of Andalusia meets the future of luxury Mediterranean living.