Other · Elviria · Price: POA

sale 184549 PD184549 36.510274 -4.882513 {price}
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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
  • Condition: Renovation Required
  • Orientation: South West
  • Parking: Garage, Underground
  • Pool: Communal
  • Setting: Frontline Golf, Urbanisation
  • Utilities: Drinkable Water, Electricity
  • Views: Golf, Mountain, Panoramic
Pending Certification
Pending Certification

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Ref: PD184549

Other · Elviria
  • 20.426m²m²
  • 372
  • 127
POA

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