Land for sale in Monda, Málaga

This comment was automatically translated and may not be 100% accurate. See description in the original language This investment opportunity in the center of Monda is interesting, especially given its proximity to an area as sought-after as Marbella. Here is an analysis of the key points you should consider before proceeding with the investment: 1. Location Proximity to Marbella: Monda is just 19km from Marbella, one of the most exclusive and touristic areas of the Costa del Sol. This makes the investment attractive, as you could attract both residents and tourists looking for accommodation at lower prices than in Marbella. Town Center: Being in the center of the town of Monda is an advantage, as it ensures proximity to essential services such as supermarkets, pharmacies, restaurants, and more. 2. Surface and Construction Potential Surface: The plot has a constructed area of 77 square meters. Possibility of Residential Building: As indicated by the City Council technician, a residential building of Ground Floor + 2 additional floors could be built, with a maximum height of 10 meters. This implies that you could develop several apartment units, which diversifies the investment and increases the potential for return. Two-Street Exit: Having access from two different streets is a significant plus, as it facilitates the architectural design and could improve the value of the individual units. 3. Real Estate Market in the Area Housing Demand: Research the demand for apartments in Monda and market trends in the area. It is possible that, due to its proximity to Marbella, there is a solid market for both long-term and vacation rentals. Profitability: The proximity to Marbella suggests good potential for profitability, especially if the property prices in Monda are more accessible in comparison. 4. Regulations and Rules Urban Regulations: It is crucial to confirm with the City Council the exact urban regulations, including construction restrictions, zoning regulations, and the necessary steps to obtain building permits. Associated Costs: Consider the costs of demolition (if necessary), construction, and possible municipal taxes. 5. Risks Fluctuating Market: As with any real estate investment, prices and demand can fluctuate, especially in markets close to tourist areas. Permits and Delays: Building permits and any possible local opposition or bureaucracy can delay the project. Conclusion: This plot in Monda has significant potential, mainly due to its location and the possibility of building a residential building with several units. Before moving forward, it is essential to carry out a detailed feasibility study, including a cost analysis and profitability projections, as well as an exhaustive review of local regulations and the necessary permits.

Land for sale in Monda, Málaga

Land plot in calle Fabrica, Monda

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