INVESTMENT OPPORTUNITY ON THE COSTA DEL SOL
18,000 m2 building volume with magnificent views
on the hills between Torremolinos and Málaga (Spain)
Situated on the hills of Churriana, “El Albaricocal” is a land property which has been qualified as URBAN LAND (SUNC) according to the Agreement for Urban Development Planning SUNC-R-CH.5 by the Office of Town Planning, Public works and Infrastructures of the town council of Málaga. The agreement was published, and therefore approved, in the official gazette of the province of Málaga 11th October 2012, thus obtaining the final endorsement in the decree of 5th December 2012, and published by the decree of 3rd February 2015.
The total area of land consists of 310,939.37 m2 and is entitled , according to the Agreement for Urban Development Planning, to a maximum building volume of 18,000.00 m2, to be built in three levels. The rest of the remaining land is to be ceded to the Town Council for green areas. The Agreement allows the construction of tertiary building(s): a hotel, a third age residence, a school etc.
DESCRIPTION OF THE LAND AREA
The Principal is owner of four fincas, and these represent about 73% of the area contemplated in the Urban Agreement. The fincas are registered separately but they are adjoining and , therefore, have been regarded as one when Town Planning assigned them the corresponding building volume . All the fincas are registered in the Land Registry Office number 10 of Málaga as follows:
Finca with the registry number 6610B. Land surface 116,286 m2
Finca with the registry number 1545/A Land surface 105,920 m2
Finca with the registry number 6608/B Land surface 22,338 m2
Finca with the registry number 32212/B Land surface 39,512 m2
Total land surface according to the Land Registry 284,056 m2
SITUATION OF THE LAND PROPERTY
The situation of this land property on the hills of Churriana is privileged because of its magnificent views and proximity to Málaga, to its international airport , Plaza Mayor shopping centre, Parador de Málaga golf course, the beach and the seaside promenade Antonio Machado, all of these being at a short distance of 8-10 minutes by car. Fuengirola, Mijas, Marbella etc. are also within easy reach in 15-20 minutes.
CONTACT For further information please contact:
Zepeteuksen Laki ja Koti
LKV Yhtyneet Notariaatit Oy
Real Estate Agency