Property reference CAP6190 - Plot in Marbella - Marbella Centre
€ 5,350,000

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Reference: CAP6190,     € 5,350,000 - - 8200m2 Plot   Plot for 16 - 20 villas in Marbella Center with project subject to simple changes to get Building License in a short time.
Private Development of Modern Villas located in the center of Marbella, only 300 mts to Avenida Ricardo Soriano (Main Avenue). Located in a quiet villa''s area within Walking Distance to all amenities and beach. 700 mts to the beach and Sea Promenade (Paseo Marítimo).
The property consists of three plots:
- Plot 1: plot with a single old villa (to be demolished), a floor area of 3,554 m2 and 1,249 m2 building.
- Plot 2: 1,501 m2 plot of land.
- Plot 3: Plot unbuilt land of 3,498 m2.
Total covered an area: 8,100 m2.
Buildable ..................... 0.40 m2t / m2s
Occupation ........................ 30%
Number of floors ............ .PB + 1 (7m)
Minimum plot ............... ..400 m2; 8m front; 10 m background.
Conditions: Minimum plot of 400 m2, 8 m front 10 m deep.
Maximum Units: 20 Semi-detached Villas.

Relevant Information about the Existing Project:
Already paid to Town Hall : 100.000€. This amount is not included in the Plot price.
- Pre-Project.
-Basic project.
- Town Hall Taxes.
To be paid to Town Hall:
- EXECUTION PROJECT (Approx. 50.000€ + VAT).
- BUILDING LICENSE (for the current project): 160.000€.
- CADASTRAL UPDATING: to legally convert the three plots in one: 100.000€ approx.
- Presenting this in Urban Planning, we would obtain a definitive favorable report and it would go to committee, to the plenary session for its approval.
- This project definitive work license to start building could be ready in 3 months.
Demolition of the existing old house in the plot: 7.000€ approx.
The estimated final profit of the current project as it is now is a 22% net, 4,500,000 € approx., which could be higher modifying the project to 20 semidetached villas.

Building Plot, Central, Facing: South
Views: Mountains, Partial Sea, Surrounds, Urbanisation.
Features Close to all Amenities, Quiet Location, Walking distance to beach, Walking Distance to Cafés, Walking distance to rest., Walking distance to shops, Walking distance to t. centre.