Building land for Sale

REF.TR-0017 FUENGIROLA LOS PACOS: 3,480 m plot in the lower part of LOS PACOS FUENGIROLA, allowing for 4,500 m of buildable area plus 500 m under the roof. Approximately 60 apartments in PB+2+Attic format. Price: Owners ask for 4,500,000 but will consider reasonable offers. This plot is located in an EXCELLENT PLACE TO LIVE. EASY TO RENT. GREAT INVESTMENT. Walking distance to all services in Los Pacos. Quiet area. 15 minutes walking to the beach, promenade, and Los Boliches train station. Easy to rent to Finnish families from September to May and available in summer for personal enjoyment. The neighborhood of Los Pacos is a multicultural, multilingual residential area with a cosmopolitan atmosphere, 15 minutes walking to the beach, close to all services, and home to a significant, affluent Finnish community. High-demand area for Scandinavian buyers and, recently, also Dutch and American buyers. URBAN CLASSIFICATION: Urban plot for approximately 60 apartments on Ground Floor + 2 + Attic. Open Block BA for 4,598 mT according to Updated Urban Planning carried out in February 2024 by the Municipal Architect and OFFICIALLY APPROVED in July 2024. COST AND SALES ESTIMATION: Option A: Plot price: 4,500,000 / 5,000 mT = 900/mT Construction cost: 1,400/mT M2 Cost: 900 (land) + 1,400 (construction) = 2,300/mT Current market price per mT: 4,000 Cost of 85 m apartment: 2,300 x 85 mC = 195,500 Average sale price: 340,000 Cost 195,500 = 145,000 (profit per apartment) Cost of 60 apartments: 195,500 x 60 = 11,700,000 Sale of 60 apartments: 340,000 x 60 = 20,400,000 TOTAL FOR 60 APARTMENTS: 20,400,000 (sale) 11,700,000 (cost) = 8,700,000 8% marketing (696,000) = Approx. 8,004,000 profit. Option B: Plot price: 4,300,000 / 5,000 mT = 860/mT Construction cost: 1,400/mT M2 Cost: 860 (land) + 1,400 (construction) = 2,260/mT Current market price per mT: 4,000 Cost of 85 m apartment: 2,260 x 85 mC = 192,100 Average sale price: 340,000 Cost 192,100 = 147,900 (profit per apartment) Cost of 60 apartments: 192,100 x 60 = 11,526,000 Sale of 60 apartments: 340,000 x 60 = 20,400,000 TOTAL FOR 60 APARTMENTS: 20,400,000 (sale) 11,526,000 (cost) = 8,874,000 8% marketing (710,000) = Approx. 8,164,000 profit. For more information and viewings, please contact one of our sales agents. On-site visit recommended. Agency fees are included in the sale price, so no additional management or consulting fees are required. In compliance with Decree 218-2005 of October 11th of the Junta de Andalucía, clients are informed that notary fees, registration fees, and VAT are not included in the price. As a consumer, you have the right to be informed and to receive the corresponding documentation according to Decree 218/05 of October 11th. The information provided is indicative, non-binding, and has no contractual value.