San Roque

This 83 m² plot, located in the heart of Estepona and just steps away from the beach, presents a unique investment opportunity. Positioned on the second line from the shore, it enjoys a prime location within walking distance of Estepona’s Old Town and vibrant Port, offering a perfect blend of coastal charm and urban convenience.

The property comes with a fully licensed project to construct a modern building comprising six apartments. The project design includes one spacious 1-bedroom apartment on the ground floor, four well-planned 2-bedroom apartments on the upper floors, and a spectacular 2-bedroom penthouse with stunning sea views. The other units provide scenic city views, ensuring an appealing option for various resident preferences. Additionally, the building will feature a communal rooftop terrace with a pool and solarium, creating an ideal space for relaxation and enjoyment under Estepona’s sunny skies.

This project is particularly attractive to investors due to its versatility and potential. The apartments are well-suited for short-term rentals and could even operate as an apart-hotel, making it a strategic option amidst Andalucia’s evolving rental market regulations. The property is being sold through an SL company, offering favorable tax advantages for the buyer. Construction costs are estimated at €800,000, with the option to continue with the currently appointed builder or select a new one to complete the project.

With its unbeatable location, modern design, and flexibility for development, this plot and its approved project offer a rare opportunity in Estepona’s thriving property market. It’s an investment that promises exceptional returns, whether for rental income or long-term growth.