Plot for sale in Altea, Alicante, Spain

Property
description

The Opportunity Urban plot for sale in one of the most sought after locations on the Costa Blanca: the area of La Olla, Altea. An exceptional opportunity for developers and investors due to the severe shortage of finalist land in this area of high international demand.
Project Potential (Key Data)
Location: Partida La Olla, Altea (Excellent connections and proximity to the sea).
Permitted typology: Multi-family residential (Block).
Buildability: Maximum 3 floors above ground plus 2 basement/semi-basement levels.
Projected volume: Capacity to develop an exclusive complex of 14 flats with underground parking spaces.
Estimated GDV (Sales Value): Between €6.300.000 and €7.700.000 (depending on the final qualities and views of the project).
Urbanistic Situation (Total Transparency)
Classification: Urban Land (SU), Subzone 10b.
Current status: There is an old building classified as "out of order", ideal for its demolition and total use of the plot.
Management: The plot requires urbanisation works to achieve the status of "plot" and to make the corresponding transfers to the General Plan. The starting price already reflects these urban development charges and the management times with the administrations (sectorial affections of Roads, CHJ and PATIVEL).
Why invest here? The new-build product in Altea quickly absorbs the demand of clients from Northern Europe. This land allows the development of a modern and highly profitable complex in an area where there is practically no competition from new developments.
Selling price: 1500 000 euros
To receive the complete dossier, the Urban Information Certificate and to discuss the Feasibility Study, please contact me.