Opportunity
We present a final urban land in Polop de la Marina (Alicante), a consolidated residential area with high national and international demand due to its proximity to Benidorm and its excellent quality of life. The asset is ready for the immediate development of a multi-family residential project, without urban planning risk.
Technical Data of the Asset
Plot size: 2.536 m².
Estimated buildable area: 8.080 m² ceiling (3,186 m²t per m²).
Permitted height: Ground floor + 2 + Attic (13 metres).
Indicative volume: Capacity for 87 dwellings (including 14 duplexes) and 89 underground parking spaces.
Economic and Financial Data
Selling price: 2.600.000 €.
Incidence of land: ~322 €/m² ceiling, an entry price perfectly in line with the market.
Competitive advantage: The sale price is below the official mortgage appraisal value (€2,660,394). This provides a margin of security in the acquisition and lays a solid foundation for obtaining bank financing for the land.
Why invest in this project?
Fast licensing: As the land is developed and finalised, the time to start building is drastically reduced.
Flexibility: There is openness to structure the operation through direct purchase or by studying collaboration formulas for development.
Versatility: The project is perfectly defensible for both a traditional development and a cooperative format.
We have all the preliminary Due Diligence prepared: simple note, official mortgage appraisal, town planning file and plans.
