Residential Plot in Fuengirola

€329,500

  • 63m² Plot

Property Overview

Investment Opportunity in Fuengirola – Plot with Project for Commercial Unit and 4 Apartments

Excellent investment opportunity located in Fuengirola, within a consolidated urban area just a few minutes from the town centre, shops, restaurants, and all essential services.

The property currently consists of an existing house to be demolished, allowing for the development of a new residential building. The plot has an approximate cadastral surface of 59 m² (Cadastral Reference: 4746131UF5444N0001QM), although the actual land area is 63 m², and it currently includes a construction originally built in 1955.

All information has already been verified and confirmed by the technical department of Fuengirola Town Hall.

The property is offered with a basic architectural project already prepared and officially approved by the Málaga College of Architects, designed for the development of a building with one commercial unit and four studio apartments, distributed as follows:

Ground floor: commercial premises of approximately 27 m²

First to fourth floor: 4 studio apartments, one per floor

Staircase and installations area

Roof terrace

Each residential floor is designed with approximately 40.1 m² per studio, with an estimated built area of around 63 m² per floor, while the ground floor has approximately 61 m² built area, according to the architectural plans.

The project is currently pending the building license, which provides the buyer with flexibility to adapt the project or proceed with the development according to their investment strategy.

Ideal for:

Real estate developers

Buy-to-let investors

Tourist rental or long-term rental projects

Development of a small residential building in a central ‌location

Thanks ‌to ‌its ‌development potential ‌in height and ‌its ‌central location, this ‌asset offers strong ‌profitability potential, whether through ‌the ‌individual sale of ‌the ‌units ‌or ‌through ‌rental ‌exploitation.

Features

  • Setting: Town, Commercial Area, Port, Close To Port, Close To Sea, Close To Town, Marina, Close To Marina.
  • Promotion: Beachside.

Tell me more

  • Tell me more about Fuengirola
    Fuengirola is a major coastal town and municipality on the Costa del Sol, Málaga, Andalusia, Spain. With a population exceeding 87,000, it is a popular tourist destination known for its extensive sandy beaches, bustling promenade, and the Sohail Castle. The town offers a vibrant mix of traditional Spanish life and modern amenities, including a diverse culinary scene, a zoo (Bioparc Fuengirola), and various leisure activities. Fuengirola is well-connected by commuter train, providing easy access to Málaga city and its airport, making it attractive for both residents and holidaymakers.
  • How far is this property from the nearest airport?
    Fuengirola is 25km from the nearest airport, approximately 25 minutes driving time.
  • What are the annual runing costs of this property?
    The annual running cost are €0 consisting of IBI €0 (Impuesto sobre Bienes Inmuebles' or Council Tax), Community Fees €0 and Garbage €0.
    * Based on current information; values are subject to revision.