Mijas, Andalusia

Unique opportunity in the heart of La Cala de Mijas: 639 m² building plot located on Calle Reina Fabiola, in a well-established residential street less than 100 metres from the beach and just a 2-minute walk from the Torreón, the seafront promenade and some of the best restaurants in the village. With a buildability ratio of 0.35 (approximately 223 m², excluding basement and terraces), the plot offers the possibility of building a contemporary detached villa over two levels, with a 130 m² basement, private garden and 12-metre swimming pool, or alternatively two semi-detached villas of approximately 112 m² each, both with their own private garden and swimming pool. Investment potential: with an estimated total investment of approximately 2,050,000 including the plot, high-end construction, professional fees, licences and associated costs and an estimated market resale value of 3,450,000 for a newly built villa with a private pool just 150 metres from the beach, the project offers an estimated gross profit of approximately 1,400,000, equivalent to nearly 68% of the total investment, over an estimated timeframe of around 20 months from acquisition to completion and handover. The alternative option of developing two semi-detached villas and selling them separately increases the estimated combined resale value to approximately 3,790,000, with a potential gross profit exceeding 1,650,000. Property type: Detached residential property. Flat plot with south-facing orientation and all amenities within walking distance. La Cala Golf and Calanova Golf are approximately 10 minutes away, Marbella 20 minutes away and Málaga Airport around 25 minutes away. A plot of this quality, this close to the sea and right in the centre of La Cala de Mijas, is exceptionally difficult to find on todays market. A complete investment and development dossier is available, including 3D visualisations, detailed construction budget, project timeline and profitability study. Further information and viewings available on request. ADDITIONAL INFORMATION No agency commission for the buyer. Exclusive listing with Century 21 Victoria. This listing is non-contractual and may contain errors. Price, availability and conditions are subject to change or withdrawal without prior notice. The advertised price does not include Property Transfer Tax (ITP), notary fees, Land Registry fees or financing-related costs.