REPRESENTING AN EXCELLENT INVESTMENT OPPORTUNITY, THIS SUPERB STRETCH OF RESIDENTIAL BUILDING LAND AT LA CALA GOLF RESORT, MIJAS IS NOW FOR SALE AT 2,500,000€, A PRICE WELL BELOW MARKET VALUE. The bank valuation of the land is approximately 5,900,000€. What is more, this land is available to purchase direct from the developer.
The land, which sits directly overlooking America, one of the three 18-hole golf courses in the resort, occupies 42,257 m2 of prime residential building land within 1km of the stunning facilities of the La Cala Golf Resort Hotel & Clubhouse. The positioning of the land is ideal for building, and as it is classified as land for residential building, and at an exceptional price, the potential for a developer to achieve a high return on investment is huge.
A complete topographical study of the land has taken place, and there are architectural plans to construct a complex of 138 townhouses on this site available to the buyer.
The area is very popular with both residents and second-home owners, and building in the area is low-density, with new-build properties selling fast. Current pricing for townhouses frontline on the golf course at La Cala Golf Resort range from 300,000-550,000€ each. The land lends itself to be developed in several phases if required.
Complete with 3 golf courses, golf academy, spa & hotel, the resort attracts golfers from far and wide, and the area is, accordingly a sought-after, but as yet under-developed residential area, just 10 minutes’ drive to the coast and beaches.
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