Description

Grupo Ibercosta is proud to present a unique and highly lucrative investment opportunity in the heart of Fuengirola, one of the most vibrant and sought-after coastal towns in the South of Spain. Located on the sun-drenched Costa del Sol, this property represents a rare chance for developers and savvy investors to acquire a plot in a consolidated urban area with a turnkey architectural project ready to be realized.

Unbeatable Location in the Heart of Fuengirola, South of Spain

The location of this asset is undoubtedly one of its strongest selling points. Situated in a well-established neighborhood, the property is just a short stroll from the bustling town center of Fuengirola. Residents will enjoy immediate access to a wide array of amenities, including boutique shops, high-end restaurants, traditional tapas bars, and essential services such as supermarkets, pharmacies, and health centers. Furthermore, the golden beaches of the Mediterranean and the efficient coastal train line—connecting Fuengirola to Malaga City and the International Airport—are within easy reach.

Fuengirola has long been a favorite destination for both international tourists and local residents, ensuring a constant demand for high-quality housing. By investing in this specific area, you are positioning your capital in a market characterized by high liquidity and steady capital appreciation. The lifestyle offered here is second to none, combining the charm of a traditional Andalusian town with the modern infrastructure of a leading European tourist destination.

Property Overview and Technical Specifications

The site currently houses a traditional construction dating back to 1955, which is intended for demolition to make way for a modern, high-yield residential building. The plot offers an approximate cadastral surface of 59 m² (identified by Cadastral Reference: 4746131UF5444N0001QM), although the actual physical land area measures approximately 63 m². This discrepancy has been fully analyzed and the technical specifications have been officially verified and confirmed by the technical department of the Fuengirola Town Hall, providing total legal security to the prospective buyer.

This property is sold with a comprehensive basic architectural project that has already been prepared and officially endorsed by the Málaga College of Architects (Colegio de Arquitectos de Málaga). This pre-approved status significantly reduces the waiting times and bureaucratic hurdles often associated with urban development, allowing for a faster transition from acquisition to construction.

Architectural Project Details: A Modern Five-Story Concept

The vision for this plot is a sophisticated building designed to maximize the use of space and natural light. The project includes a ground-floor commercial unit followed by four floors of residential units and a communal rooftop solarium. The distribution is meticulously planned as follows:

Ground Floor: A commercial premises with approximately 27 m² of usable space and a total built area of 61 m². This unit is ideal for a small business or office, capitalizing on the foot traffic of a central urban location.

First to Fourth Floors: Each of these four floors is dedicated to a spacious studio apartment. Every studio is designed with approximately 40.1 m² of usable area and a total built area of 63 m² per floor. The layout focuses on open-plan living to create a sense of space and modernity.

Rooftop and Common Areas: The project includes a dedicated area for the staircase and modern installations, culminating in a rooftop terrace. This solarium provides an essential outdoor space for residents to enjoy the Mediterranean climate, further increasing the rental and resale value of the apartments.

Strategic Investment Potential with Grupo Ibercosta

The project is currently pending the final building license, a status that offers the buyer a strategic advantage. You have the flexibility to either proceed with the existing approved plans or adapt the project to suit your specific investment goals before construction commences. Whether you are looking to develop a "Buy-to-Let" portfolio, create high-end holiday rentals, or sell the individual units upon completion, the potential for high ROI is exceptional.

At Grupo Ibercosta, we recognize that this asset is ideal for real estate developers looking for their next urban project, as well as private investors seeking a safe haven for capital in the thriving Spanish property market. The combination of its central location, the vertical development potential, and the proven demand for studios in Fuengirola makes this a standout opportunity in today’s market. Contact Grupo Ibercosta today for more detailed information and to review the architectural plans.