Description
Ref. TR-0017 UNIQUE OPPORTUNITY FOR INVESTORS IN FUENGIROLA – LOS PACOS!~~Are you looking for a profitable investment in one of the most sought-after areas of the Costa del Sol? This urban plot of 3,480 m² in the lower part of Los Pacos, Fuengirola, offers an exceptional opportunity to build 60 apartments (Ground Floor + 2 + Penthouse), with a total of 4,500 m² of buildable space plus 500 m² under roof.~~PRICE:~4,000,000 €~~WHY INVEST HERE?~Prime location:~~15 minutes walk from the beach, the promenade, and Los Boliches train station.~All amenities within walking distance: schools, supermarkets, public transport, restaurants, and more.~In a quiet area highly desired for its multicultural and cosmopolitan atmosphere.~High rental demand:~~Perfect for Scandinavian families from September to May.~Ideal for tourist rental or personal enjoyment in the summer.~Growing international interest:~~Scandinavian, Dutch, and U.S. buyers are increasingly seeking this area for its quality of life and proximity to the beach.~PROJECTION OF PROFITS~OPTION A~Total construction cost: 11,700,000 €~Total sales income: 20,400,000 €~Estimated profit: 8,004,000 € (minus marketing).~~OPTION B~Total construction cost: 11,526,000 €~Total sales income: 20,400,000 €~Estimated profit: 8,164,000 € (minus marketing).~~Over 50% profitability in both options, based on real market prices, with the Sunset Views development as a reference, just 200 meters away.~URBAN PLANNING CHARACTERISTICS~Classification: Urban plot for open block (BA).~Updated and officially approved planning: February 2024 (Municipal Architect), July 2024 (urban planning).~Possibility to develop 60 apartments with an average of 85 m² each.~~DON'T WAIT ANY LONGER~Visit the site and discover the potential of this investment in person!~Our fees are included in the sale price, so there are no additional costs for management or real estate advice.~~Contact one of our agents for more information or a personalized visit.~~SAFE AND PROFITABLE INVESTMENT ON THE COSTA DEL SOL!~For more information and visits, please don't hesitate to contact one of our sales agents. It's better to see in person.~Please note that our agency's professional hours are already included in the sale price, so you will not have to pay any management or real estate advisory fees.~In accordance with the Junta de Andalucía Decree 218-2005 of October 11, we inform clients that notary, registry fees, and VAT are not included in the price. We remind you that as a consumer, you have the right to be informed and provided with the relevant documentation, according to the provisions of the "Decree 218/05 of October 11 regulating Consumer Information in the sale and lease of properties in Andalusia."~The information provided is indicative, non-binding, and has no contractual value. This information may have been modified and not yet incorporated. We recommend you contact us for the latest information and/or confirm the details presented here.
