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Urban land of 0,22 ha for sale in Palma de mallorca, Baleares

URBAN

|

PLOTS

0,22 ha | Balearic Islands

1 890 000 EUR

1 994 543 USD

Description

Rarely do we have the opportunity of a magnificent plot in Son Vida with BUILDING LICENSE READY. Excellent opportunity in Son Vida - Palma Beverly Hills with approved project and license. The plot has 2,200 m2 and we have the License to build a villa of 600 m2 plus 180 m2 of terraces. Really outstanding investment opportunity, ideal for a profile with capacity and medium-term vision. This is a project in Son Vida, one of the most exclusive enclaves in Mallorca, with an estimated return close to 60%.  Reasons why it is a great opportunity. The land is sold with project and building license already granted, something very valuable in Son Vida, where licenses can take up to 3 years due to bureaucracy. This allows shortening deadlines, reducing risks, and accelerating profitability. Construction cost in Son Vida: approx. 5,000 €/m2. Total construction cost: approx. 3,000,000 €. Estimated total investment  land + construction : 5,000,000 €.  Market value upon completion. Villas of this level in Son Vida are currently marketed between 8,000,000 and 8,500,000 €. Moreover, the market in this area grows between 8% and 10% annually, and the construction takes about 24 months, so time is on the investor's side.  Profitability. The operation can generate an approximate return of 60%, depending on the finishes and sales strategy. Do not miss this opportunity and contact us for more information. ####@#############.##

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