A superb opportunity has arisen to invest in a property in a prime location in lower Rivera del Sol on the Mijas Costa. Works are already underway to turn the current buildings into either two separate luxury apartments or one extremely large luxury villa with private garages, pool and grounds. Being only a 5-minute walk to the famous Max Beach, shops, restaurants, transport links and the Costa del Sol boardwalk, 15 mins drive to Marbella and 30 minutes drive to Málaga airport, this property has all the potential to make a generous return on your investment.
This is a rare opportunity for someone with a creative mind, who is not afraid of a building site. Formation of the original plans has begun but work has been halted for personal reasons as the owners consider their options for the sale of the land and buildings in their current form.
The total plot size is 595m2. The upper level can be spread across 87m2 plus 113m2 balcony space overlooking the pool, at road level. The lower level has potential for a 200m2 house plus direct access to 345m2 of patio (with potential to build a summer house / BBQ area) and already includes a 50m2 swimming pool. The two garages are accessed from a private, residential road behind the villa with connecting inside stairwell to the lower patio and are sized at 18m2 and 23m2.
Finished according to the current architectural plans, the property has been valued at €800,000 – €850,000. Please also bear in mind that if two separate apartments are built for rental purposes, a buyer could generate a substantial rental income from this option.
This is the perfect opportunity for golden visa buyers or developer. For more information, contact our team here.
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