****THIS PLOT IS NOW SOLD****
Your Key to Spain is offering a rare opportunity to develop your very own dream project within one of Spain´s most exclusive neighbourhoods.
La Reserva del Madronal is one of Southern Europe´s finest addresses, located next to the famous La Zagaleta Country Club, just a short drive from the designer boutiques and waterfront restaurants of Europe´s premier yacht harbour, Puerto Banus. This private estate is home to the rich and famous - hardly surprising given that it offers the discerning buyer total privacy and 24 hour protection. Majestic villas and mansions dot the dramatic landscape, and with a minimum plot size of 3,500m2, owners can be sure of one thing - guaranteed exclusivity.
A sought-after plot of land of 5,668m2 within the estate has now been made available to us at a fantastic price of 295,000 euros - that´s around 52 euros per m2.
Options for the Purchaser
- land-bank
- create and develop your own project (we can put you in touch with top architects and builders)
- develop or enhance existing preliminary plans
Investment Potential
- Estimated build costs – around 2,000 euros per m2 (inclusive of terraces, external groundworks, architect´s fees, and top specifications such as swimming pool, marble/stone floors, underfloor heating, air-con, quality kitchen, beamed cathedral ceilings etc).
- Estimated Project Costs - developing the existing plans (for a 5 bed mansion) would cost in the region of 800,000 euros, equating to total project cost (including land purchase) of around 1,200,000 euros
- Market Value – due to the lack of available land and the exclusive nature of the neighbourhood, similarly sized properties are currently in high demand, and are being marketed at between 2,000,000 euros and 3,000,000 euros (depending on location, views and spec).
- Potential Uplift in Value – at least 800,000 euros (over £600,000).
Finance Options
Finance is available (subject to status) for the development, for up to 70% of the projected total project value, potentially on an interest-only basis during the period of construction.
We can also provide access to specialist purchase and tax advice.
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For further details or to arrange an on-site consultation and project appraisal, please contact us.
**Please note that the photo gallery includes pictures of the actual plot, plus design sketch and existing properties at El Madronal**
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