Building plot, Costa Blanca, Spain

Additional information is provided after the signing of an NDA

Building plot, Costa Blanca, Spain

22,000,000 €
£18,836,000
Learn the property location
Send the listing to yourself
  • Land area
    9,500 m²
  • Yield
    30.0%
Details
Transaction costs
  • Broker: 5.0%

Plot on the first sea line.

Description

The plot of 9,500 m² for residential complex construction.

Allowed construction footprint — 14,300 m².

Maximum construction height — 5 storeys (excluding underground development).

It's planned to build 180 luxury apartments with a total area of 10,400 m² (from 40 m² up to 100 m²).

The communal area of the complex of 4,000 m² will include a spa center, gyms, an indoor swimming pool, a medical center.

Underground parking for 200 cars and storerooms.

The start-up capital in the amount of 25,000,000 euro is necessary for project execution (plot, project, license and construction start).

Financial performance

The expected yield is 30%.

Transaction costs

Brokerage fee — 5%.

Location and nearby infrastructure

The property is located in a pedestrian zone in the most prestigious area of Costa Blanca.

The Costa Blanca is a region on the Mediterranean coast of Spain which includes the coastal villages of the province of Alicante in the autonomous community of Valencia. It's a seaside resort and tourism area.

The Costa Blanca is visited annually by about 6 million tourists, local hotels can accommodate more than 150 thousand people.

The resort capital is the city of Benidorm with the beaches of Playa de Levante and Playa de Poniente. In 2000, the Terra Mitika amusement park was opened. Over one million people visited it in one season.

More properties

If this property wasn’t for you, take a look at other investment land for sale in Alicante.

All ads in the country: investment land for sale in Spain.

Similar listings

We select ads that may interest you.

Not sure what to start with? Send an advice request
Our expert will contact you to help with selecting real estate.
Ask a question
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
    Marina Filichkina,
    Head of Sales
    flag icon
    Limassol, Cyprus
    TRANIO GLOBAL REAL ESTATE L.L.C, 38 Karaiskaki Kanika Alexander Center, Block 1, 1st Floor office 113b, 3032 Limassol Cyprus
    flag icon
    Dubai, UAE
    Tranio Global Real Estate, Al Ameri Tower - 19th floor - Barsha Heights - Dubai - UAE
    flag icon
    Torrevieja, Spain
    Tranio LLC, Calle del Palangre, 14, 03182 Torrevieja
    flag icon
    Athens, Greece
    Tranio LLC, Vissarionos, 4, 10672 Athens
    flag icon
    Berlin, Germany
    Tranio Germany GmbH, Schlüterstraße 38, 10629 Berlin
    Send a request