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Other · Elviria · Price: POA

sale 184549 PD184549 36.510274 -4.882513 0

Investor Opportunity

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Ref	PD184549
Type	Other
Bedrooms	127
Bathrooms	372
Built Size	20.426m²
Terrace Size	7.238m²
Plot Size	21.683m²

Pool	Yes
Garden	No
Parking	Yes
Fees
Community Fees	n/a pa
IBI	n/a pa
Basura	n/a pa

Investor/Developer Opportunity - Promotion of 159 Apartments, and duplex penthouses to finish, located in first line of Golf, Los Lagos de Santa María Golf, in lower part of Elviria. Superb surroundings with exclusive and exceptional views. Apartments of 2,3 and 4 bedrooms and 3 bedroom duplex Penthouses. South orientation. The works were paralyzed for not adapting to the LOUA which has now been resolved by reducing the number of available units from 181 to 159. Spacious garden areas, Club house with gym, Jacuzzi and sauna. Only 45kms from Málaga airport, 5 minutes to the beach and 10 minutes drive to Marbella. The value of the development when it was to be finished was set at €75 million Euros, completed today the figure would have about the same value. The is the original bank mortgage debt of €25 million but the bank would accept today around €14 million under finance paying the balance from own funds. Similar finished properties close by would be selling in the price range €350,000 to €540,000. Info provided is for guidance only and is subject negotiation with the seller and change.

Total units: 159 (built to 181)
Type: 103 x 2 bed Apts | 30 x 3 bed Apts | 1 x 2 bed Duplex PH | 37 x 3 bed DPH | 10 x 4 bed Tower apts

Garage Spaces and Store rooms: 173

Total Built: 35,971 m²

Homes built: 20,798 m²

Blocks: 3 floors plus basement

Price on Application

In compliance with the Royal Decree of the Junta de Andalucía 208/2005 of October 11, please note that the expenses applicable to the purchase of a property are governed by the prevailing Law: Purchase costs such as Notary, Land Registry, Purchase Tax VAT(IVA) and or, stamp duty (ITP) are not included in the price.

Condition: Renovation Required
Orientation: South West
Parking: Garage, Underground
Pool: Communal
Setting: Frontline Golf, Urbanisation
Utilities: Drinkable Water, Electricity
Views: Golf, Mountain, Panoramic

Label A in Consumption: n/a KWh/m² pa

Label A in Emissions: n/a kg CO₂/m² pa

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Other · Elviria · Price: POA

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