Málaga, Málaga 29140 64.35 Acres of Commercial Land Offered at $16,755,030

The "Urban Estate El Coronel," with an area of 56,000 m2, is included in the SUS-CH.4 "El Coronel" Sector of the Malaga General Urban Development Plan (PGOU) and has already received final approval. The SUS-CH4 El Coronel Sector covers an area of 260,413 m2, designated for RESIDENTIAL use, with a global building ratio of 0.2400 m2t/m2s, allowing for a total buildable area of 62,499.17 m2t/m2s and a maximum of 517 homes. The "El Coronel" Estate, with 56,000 m2, accounts for 23% of the Property Structure of the SUS-CH4 "El Coronel" Sector, which translates to a buildable area of 13,439 m2t/m2s and 100 homes. A 10% transfer of UAS utilization is required, resulting in a net buildable area of 12,095 m2t/m2s and 100 homes. Of the net buildable area mentioned, 30% must be allocated for VPO housing, resulting in the following distribution: 8,466 m2t/m2s and 70 free-market homes, 3,629 m2t/m2s and 30 VPO homes. VALUATION: 8,466 m2t/m2s x €1,100 Free-market homes €9,312,000, 3,629 m2t/m2s x €600 VPO homes €2,177,400. Valuation of existing building €1,000,000. Total €12,490,040. NOTE: POSSIBILITY OF PURCHASING 57.78% OF THE ENTIRE SECTOR WITH 150,000 SQUARE METERS AT €214/M (which would secure the majority of the entire sector, 260,000 square meters). This magnificent property is nestled within one of the most beautiful residential areas of the Costa del Sol, within the boundaries of the provincial capital. Surrounded by lush gardens and a pine forest, this classic Mediterranean villa blends seamlessly into its natural surroundings with elegance and style. Creating a luxurious and functional environment, it is a true delight for all the senses and impresses with timeless appeal, attention to detail, and high quality. A stunning landscape and a relaxing atmosphere ensure the most comfortable living in the 2-story property with 1,151 square meters built in 2 homes (a main house and a service house), 2 pools, its own spring well, 56,000 m2 plot with private access road from the avenue, fantastic sea views and 360-degree views, has a private transformer out of use, 6 double bedrooms and 2 single bedrooms, 4 bathrooms, 3 living rooms with 2 very large antique fireplaces, mosaic floors, and antique flooring, making this exclusive property truly comfortable and simply fabulous after a partial transformation. According to the urban plan approved by the municipal council in March of last year (as of February 8, 2023, it has the green light to begin), the construction of 2,847 homes is planned, aligned with new roads that will cross the land framed by the nuclei of Monsálvez, El Olivar, and Cortijo de Maza, and grouped around a golf course that will cover an area of 450,000 square meters, divided into six sectors, and will offer a minimum of 18 holes. This adds tremendous value to the property while not obstructing any of the magnificent views from the plot. Proof of the project's significance is that just its urbanization works are valued at 60 million euros, including external expenses that its developers will have to bear, the construction of roads, and the completion of the golf course. Therefore, it would be an excellent investment as a business supporting the golf course or similar due to the considerable size of the estate (equestrian center, stables, hotel chain due to its proximity to the airport, etc.). Additionally, 330,353 square meters are reserved for green areas. ARE YOU GOING TO MISS IT???? Call us and request additional information.