Land with Ruin in El Paraiso

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Description

This stunning 1879m sq plot in El Paraiso, has a lovely Villa of 348m sq that has severe subsidence and cracks throughout the property. Therefore has been advised as full restoration by architects. Foundations could be reused but the potential in this plot is to take the property back 20m onto higher ground to make use of the amazing sea and golf views that are on offer. Set in a quiet residential road just a short drive to the A7 this plot is an investors dream. A long winding driveway, makes its way to the main property which consists of an Andalusian property with courtyard. Surrounded by nature this plot has a fantastic feeling of privacy. With El Paraiso on the rise and prices increasing, it is seen as one of the most sought after residential areas for families. At 875,000€ this gives investors enough room for a new property to be built and a very nice ROI when sold. Get in contact for more information and to book a viewing.

Location

Features

  • Setting

    Suburban

    Close To Golf

  • Orientation

    South

    South West

    West

  • Condition

    Restoration Required

    New Construction

  • Pool

    Private

  • Views

    Sea

    Golf

    Street

  • Category

    Distressed

    Investment

  • Highlights

    Reference
    R5002300
    Price
    €875,000
    Location
    El Paraiso
    Area
    Málaga
    Property Type
    Land with Ruin
    Bedrooms
    0
    Bathrooms
    0
    Plot Size
    1879 m2
    Built
    348 m2
    Terrace
    0 m2

    More Information