Residential Plot Caleta de Vélez

Reference number:- R4281121

Buildable area: 21,632 m² on a 16,295 m² plot
In a high-level sector, next to the Baviera Golf Course and 900 homes (most homes with private gardens)
Located 500m. from Caleta de Vélez, famous for its Marina and magnificent beaches, among the best on the Costa del Sol and 20 minutes from Malaga
Its Cadastral Value is €8,849,932
It has a Mortgage Appraisal Certificate S.A.U. €8,636,737 (appraisal current and valid for mortgage purposes)
Its PVP is only €3,700,000
Note that by repercussion the PVP is €181/m2 ceiling (cadastre has assessed at €410/m2 and the mortgage appraiser at €400/m2)
Hotel use such as HOTEL (eg 4 star hotel with 370 rooms), Motels, Aparthotels etc. In addition, there is confirmation from the City Council to allocate up to 49% of the land to any of the following uses:

Community Accommodation Use: RESIDENCE FOR THE ELDERLY, Student residence.
Use of Offices and Offices, stories such as Agencies, Real Estate, Banks…
Commercial use stories such as Markets, Supermarkets, Stores, etc.
I use Medical Services, stories like Hospitals, Clinics, Ambulatories, etc.
I use Hospitality, stories like Cafeteria, Bars, Restaurants, Discotheques, Casinos, etc.
Industrial Use: Transformation of raw or semi-finished materials.
Educational use, stories such as School Centers, Nurseries, Universities, etc.
Recreational and Cultural Use stories such as Shows, Cinemas, Libraries, Museums etc.

That is, it is possible to build for example: 1 Hotel + 1 Nursing Home
It is possible to obtain a Building Permit by paying the amount of the guarantee for simultaneous urbanization and building works (which is discounted from your PVP)