38,858 M² Urban Plot Near The Congress Palace In Torremolinos

This 38,858 m² urban plot in Torremolinos combines a majority interest in a residential sector, envisaged potential for detached villas and views of the sea, Málaga city and the mountains. Close to the Congress Palace, it is an opportunity for developers and investors considering a residential scheme on the Costa del Sol.

Land area and residential potential

The 38,858 m² plot offered for sale forms the majority of a 54,000 m² sector. The proposed scheme for the entire sector comprises up to 81 villas at a density of 15 homes per hectare. The offered plot has envisaged development potential for up to 58 detached villas. The residential concept is suited to primary or second homes.

These capacities remain subject to verification of the applicable planning framework and the necessary approvals; they do not constitute a guarantee of immediate buildability.

Ownership and sale terms

The ownership offered represents 71.9% of the sector. This majority interest offers the prospect of a controlling position in development decisions, subject to verification of decision-making rights and the applicable arrangements between owners.

The asking price for the plot is €4,663,000, non-negotiable, equivalent to approximately €120/m². Acquisition of the complete sector is also offered at €6,330,000, with the five other owners also wishing to sell. These are two distinct acquisition options: the majority plot or the entire sector.

Location

The plot is close to the motorway and Torremolinos Congress and Exhibition Centre, a venue for conferences, trade fairs and cultural events. The beach is approximately 2 km away, Málaga Airport approximately 3 km away, and major shopping centres approximately 2 km away. The advertised distance to Málaga city centre is approximately 5 km, to be confirmed.

The proposed development context nearby also includes a planned shopping and leisure centre and a planned golf course; their current progress and delivery schedules remain to be confirmed. The outlook brings together the sea, Málaga’s cityscape and the surrounding mountain scenery.

Taxes and acquisition costs are excluded, including transfer tax or VAT, as applicable, and notary fees.

Contact SelectionMed to discuss the majority plot or the full-sector acquisition and arrange a viewing.