Description

Price 420.000 €

Located in the heart of Nerja, this property represents a unique development opportunity on a 149 m² plot, ideal for investors or for those looking to build a bespoke, high-end home.

The existing property is to be demolished, allowing full use of the plot’s building potential and the creation of a completely new project.

 DEVELOPMENT POTENTIAL:

• Apartment project: possibility to build a small building with ground floor + 2 levels + rooftop solarium, ideal for holiday rentals or long-term letting.
• Premium private residence: spacious multi-level home in the town centre, with rooftop terrace and the option to include a private pool.

 INVESTMENT HIGHLIGHTS:

 149 m² plot – excellent footprint to maximise buildability
 Prime central location with consistently high demand
 Strong potential for capital growth and rental returns
 Rare opportunity in a limited market
 Possibility of rooftop solarium with private pool

In an area where available land is increasingly scarce, this property offers a strategic opportunity to develop a high-return real estate project.

 Whether you are a developer or an individual looking to create a unique home in the centre, this is the perfect blank canvas.

In accordance with the provisions of Article 20.1 of the TRLDCU, the price of the property WILL BE INCREASED by the following amounts:

TAXES PAYABLE BY THE BUYER
In the case of VAT at the current rate of 10% (Law 37/1992, of December 28, on Value Added Tax).
In the case of Property Transfer Tax (ITP), calculated on the higher value between the sale price or the cadastral reference value, ranging between 3.5% and 7% depending on the buyer’s circumstances, all in accordance with Royal Legislative Decree 1/1993, of September 24, approving the Revised Text of the Law on Property Transfer Tax and Stamp Duty.

NOTARY AND LAND REGISTRY: These are fees subject to official tariffs; however, the estimated cost may be around €1,500-€2,000 for the notary and €500-€700 for the land registry (Royal Decree 1426/1989, of November 17, approving the Notaries’ Fee Schedule, and Royal Decree 1427/1989, of November 17, approving the Property Registrars’ Fee Schedule, respectively).

IF BANK FINANCING IS REQUIRED: The amount of any additional expenses must be agreed upon with the financial institution.

Features

•  3 Bedrooms
•  1 Bath
•   138 m2 built
•   149 m2 plot

Energy qualification