Description

Grupo Ibercosta is proud to present an exceptional investment opportunity located in the vibrant heart of Estepona, one of the most prestigious and rapidly growing gems of the Costa del Sol. This residential building represents a rare prospect for visionary developers and construction firms looking to capitalize on the high demand for urban housing in the south of Spain. Situated within the iconic "Casco Antiguo" (Old Town), this property offers the perfect blend of traditional Andalusian charm and modern urban development potential.

Strategic Location in the Garden of the Costa del Sol

Estepona, often referred to as the "Garden of the Costa del Sol," has undergone a magnificent transformation over the last decade. Located in the province of Málaga, in the sunny south of Spain, it has become a primary destination for international investors and residents seeking a high quality of life. The property is nestled in a prime location within the urban center, where the narrow, flower-filled streets meet the modern amenities of a bustling coastal city. Being in the old town means future residents will be just a short walk away from the Mediterranean shoreline, the renovated promenade, and an array of gourmet restaurants, boutique shops, and cultural landmarks.

This specific location ensures that any residential project developed here will benefit from the "consolidated urban land" status, providing security and a clear path for construction. The demand for housing in this specific pocket of Estepona remains at an all-time high, driven by both local buyers and northern European investors looking for a primary or secondary residence in a walkable, authentic Spanish environment.

Technical Specifications and Development Potential

This project is not just a building; it is a canvas for a high-yield residential complex. The site currently consists of two structures, Building A and Building B, with a total current area of 250 m2. However, the true value lies in its buildable capacity. According to current urban planning regulations, the permitted buildable area extends to a magnificent 825 m2. This expansion allows for the creation of a sophisticated multi-story development designed to meet modern living standards.

The distribution of the potential development is structured as follows:

Building A: Permitted for Ground Floor plus 2 additional levels, reaching a maximum height of 10.6 meters. This section is ideal for creating spacious, light-filled apartments that overlook the charming streets of the center.

Building B: Permitted for Ground Floor plus 3 additional levels, reaching a maximum height of 14 meters. This extra elevation provides an opportunity for premium penthouse units with potential views of the surrounding townscape and the sea.

In total, the project allows for the construction of approximately 10 to 12 new apartments. Depending on the architectural design, these units can range from practical studios and one-bedroom apartments to expansive three-bedroom family homes. Furthermore, the ground floor includes 200 m2 dedicated to commercial space, offering a perfect venue for retail, offices, or upscale dining establishments (excluding music venues), ensuring a diversified income stream for the owner.

Versatile Use and Investment Security

One of the standout features of this property is its versatile urban classification. While primarily residential, the permitted uses extend to hotel/hospitality, professional offices, and retail. This flexibility allows investors to pivot their strategy based on market trends, whether that means developing a boutique hotel, a serviced apartment block for digital nomads, or a traditional residential building for long-term residents.

At Grupo Ibercosta, we understand that professional investors require transparency and detail. We have compiled all the necessary urban documentation and preliminary studies required to move forward with this project. Our team is ready to guide you through the technical aspects and show you the immense possibilities that this site offers. This is a unique chance to contribute to the skyline of Estepona and secure a foothold in one of the most profitable real estate markets in Southern Europe.

Estepona continues to outpace many other coastal cities in terms of capital appreciation and rental yields. The combination of its micro-climate, world-class golf courses nearby, and the growing luxury "New Golden Mile" makes the urban center a safe haven for capital. Contact Grupo Ibercosta today to schedule a private visit and discover why this building is the most significant development opportunity currently available in Estepona.