Bellavista – Nerja
Great opportunity to acquire a ready-to-go building project with all planning permissions at a great price!
CURRENT STATUS: An existing detached villa of 140 m2 built on plot of approx. 500 m2, located in a one of the best residential areas of Nerja, just 500 meters from the beach. Good access and an ideal location as a first home or holiday residence for letting.
PLANNING: CLASSIFIED URBAN LAND. We have obtained FULL OUTLINE PLANNING PERMISSION, which enables us to, by submitting the final project, to demolish the existing dwelling and construct an apartment building on the plot with 600 m2 of construction, comprising 4 stories (ground floor + 3) and basement. The internal layout allows various combinations, e.g. 8 apartments in total with 2 apartments per floor. Basement parking is envisaged with ramp access from the street. The project does not have any external infrastructure costs. The immediate area has been renovated by the local Council of Nerja, so all services and utilities such as sanitation and other connections and supplies are brand new.
PRICE OF THE EXISTING HOUSE, LAND AND FULL PROJECT: 475,000 Euros (not negotiable).
PAYMENT: The property has an existing mortgage of 360,000 € approx. (with monthly repayments of approx. 1,800 €). The mortgage can be transferred to the purchaser. The balance (115,000 €) by agreement, or exchanged for a property of similar value.
COMMENTS: The purchaser can acquire the existing mortgage, deciding in the future the best time to build and promote this magnificent residential project, according to market conditions. Urban land at this price in Nerja with these features does not exist. It represents an ideal opportunity to obtain a 100% legal project at today’s low prices offering a tremendous return in the future.