Overview

Description

EXTRAORDINARY PLOT WITH HOTEL USE IN ESTEPONA MALAGA NEXT TO THE GOLF COURSE COTO DE LA SERENA.

The Estepona area is in full development and is of great interest to both investors and private buyers looking to buy assets that leave an attractive return.

It is an area with good beaches and services of all kinds such as beach clubs, restaurants and supermarkets.

Golf is a claim for both shoppers who love this sport and for tourists who focus their holidays on a location close to a golf course.

HOTEL ORDINANCE (H-3)

Plots classified as hotels in the General Plan will have the
following volume conditions:
Buildability 1m2t/m2s
Absolute maximum occupancy 55%
Maximum height GF+4+PENTHOUSE
Distance to public borders 1/3 High
Distance to private borders 1/3 High
The distance to public border may be reduced to road align,
by justification in Detail Study

*Keep in mind that the covered terraces count at 50% and the uncovered ones do not compute. In addition, the basement does not count in the total meters. And the uses can contemplate the realization of hotel, apart-hotel, holiday apartments, etc.

SCENARIO 1_CALIDAD PREMIUM

Specificication
M2 plot 20.000
M2 Buildability 20.000
Building description Maximum height Ground
floor + 4 + Penthouse
Plot selling price /m2 600
Plot sales price 12.000.000
Total selling price 12.000.000
Construction cost /m2 1.500
Building cost 30.000.000
General costs 14% (license, arquitect, technicians) 4.200.000
Total construction cost 34.200.000
Sale price apartment €/m2 4.000
Total precio de venta 80.000.000
Sales commission 6% 4.800.000
Profit 29.000.000
Profit in % 36,3%

SCENARIO 2

Specificication
M2 plot 20.000
M2 Buildability 20.000
Building description Maximum height Ground
floor + 4 + Penthouse
Plot selling price /m2 600
Plot sales price 12.000.000
Total selling price 12.000.000
Construction cost /m2 1.300
Building cost 26.000.000
General costs 14% (license, arquitect, technicians) 3.640.000
Total construction cost 29.640.000
Sale price apartment €/m2 3.400
Total precio de venta 68.000.000
Sales commission 6% 4.080.000
Profit 22.280.000
Profit in % 32,8%

SCENARIO 3

Specificication
M2 plot 20.000
M2 Buildability 20.000
Building description Maximum height Ground
floor + 4 + Penthouse
Plot selling price /m2 600
Plot sales price 12.000.000
Total selling price 12.000.000
Construction cost /m2 1.200
Building cost 24.000.000
General costs 14% (license, arquitect, technicians) 3.360.000
Total construction cost 27.360.000
Sale price apartment €/m2 2.800
Total precio de venta 56.000.000
Sales commission 6% 3.360.000
Profit 13.280.000
Profit in % 23,7%

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