38,858 m² urban plot near the Congress Palace in Torremolinos
Near golf, Palacio de Congresos, Torremolinos, Malaga province
4,663,000 € Updated 1 month ago
38.858 m² plot
Plot for sale in Palacio de Congresos
This 38,858 m² urban plot in Torremolinos combines a majority interest in a residential sector, envisaged potential for detached villas and views of the sea, Málaga city and the mountains. Close to the Congress Palace, it is an opportunity for developers and investors considering a residential scheme on the Costa del Sol.
Land area and residential potential
The 38,858 m² plot offered for sale forms the majority of a 54,000 m² sector. The proposed scheme for the entire sector comprises up to 81 villas at a density of 15 homes per hectare. The offered plot has envisaged development potential for up to 58 detached villas. The residential concept is suited to primary or second homes.
These capacities remain subject to verification of the applicable planning framework and the necessary approvals; they do not constitute a guarantee of immediate buildability.
Ownership and sale terms
The ownership offered represents 71.9% of the sector. This majority interest offers the prospect of a controlling position in development decisions, subject to verification of decision-making rights and the applicable arrangements between owners.
The asking price for the plot is €4,663,000, non-negotiable, equivalent to approximately €120/m². Acquisition of the complete sector is also offered at €6,330,000, with the five other owners also wishing to sell. These are two distinct acquisition options: the majority plot or the entire sector.
Location
The plot is close to the motorway and Torremolinos Congress and Exhibition Centre, a venue for conferences, trade fairs and cultural events. The beach is approximately 2 km away, Málaga Airport approximately 3 km away, and major shopping centres approximately 2 km away. The advertised distance to Málaga city centre is approximately 5 km, to be confirmed.
The proposed development context nearby also includes a planned shopping and leisure centre and a planned golf course; their current progress and delivery schedules remain to be confirmed. The outlook brings together the sea, Málaga’s cityscape and the surrounding mountain scenery.
Taxes and acquisition costs are excluded, including transfer tax or VAT, as applicable, and notary fees.
Contact SelectionMed to discuss the majority plot or the full-sector acquisition and arrange a viewing.
Property Details
- 428-05341P
- Plot
- 38.858 m² Plot
- City views
- Close to golf
- Mountain view
- Sea view
Price, costs & taxes
| Asking price | 4,663,000 € |
|---|---|
| Plot m² | 38.858 m² |
| Price per m² Plot | 120 € |
The sale price does not include expenses and taxes. Additional costs for the buyer: registration and notary fees, ITP (Transfer Tax) or in its absence VAT, and AJD (Stamp Duty) on new properties and subject to some requirements to be met. These costs and taxes are different depending on the province / autonomous community where the property is located and even on certain specific aspects of the buyer. All details and information sheet are available upon request from Selection Med. This information is subject to errors, omissions, modifications, prior sale or withdrawal from the market.
About the building
| Property type | Plot |
|---|---|
| EPC | In Progress |
Listing agent
Selection Med Real Estate agents in Torremolinos +34 900 953 211
Location
- Palacio de Congresos
- Torremolinos
- Malaga province
Disclaimer This is a property advertisement (REF 428-05341P) provided and maintained by Selection Med, Plaza El Bulevar, Edificio B, Local 13, 29649 La Cala de Mijas, Mijas, Málaga (España), and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties. PropertyTop.com does not own or control and is not responsible for the properties,website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to.