Residential Plot · Marbella
A unique purchasing opportunity, as this is the only development plot still available in Marbella's Old Town.
€3,400,000Asking price · Ref. R5164903
Description
A unique purchasing opportunity, as this is the only development plot still available in Marbella's Old Town.
Urban plot, with a consolidated urban development classification according to the 1986 General Urban Development Plan (PGOU).
Currently, a building permit is in force for a building consisting of commercial premises and six residential units. The permitted height is ground floor, plus two floors, plus an attic.
The plot has a surface area of 319 m2, with access from two streets.
Unbeatable location, in the heart of the historic center, between the famous Plaza de los Naranjos and the Church of the Encarnación
Orientation
South
Property Intelligence
Investment memo
Based on feed data only. Where information is not available we say so.
- Asking price
- €3,400,000
- Price per m² built
- Built area not provided
- Built size
- Not provided
- Plot size
- 319 m²
- Terraces
- Not provided
- Bedrooms
- Not provided
- Bathrooms
- Not provided
- Area
- Marbella
- Location quality
- Assessed in a full memo on request.
- Rental potential
- Not assessed from feed data. Licensing, seasonality and costs are reviewed in a full memo.
- Liquidity considerations
- Solid international demand; marketing periods are driven by location quality, condition and pricing discipline.
- Relative value
- We do not publish valuations or comparables we have not verified. A comparable set is prepared on request.
Why we like it
Our view is formed once we have viewed the property and reviewed its documentation.
What we would challenge
- Build cost, licence timelines and design constraints determine the true all-in price of a plot.
- Asking price only: we form a view of value from verified comparables before recommending an offer.
What we would verify
- Registered versus cadastral areas for plot and built surfaces
- Licence of first occupation and legality of all structures
- Charges, encumbrances and ownership at the land registry
- Local taxes (IBI), community fees and any pending levies
Acquisition considerations
- Resale purchases in Andalusia are generally subject to 7% transfer tax (ITP); new-build purchases to VAT plus stamp duty. Notary, registry and legal fees are additional. Confirm with your lawyer.
- A private purchase contract with a deposit (often around 10%) normally precedes completion before a notary.
- Financing approvals should be secured before signing a deposit contract.
Financing example
How a buyer could potentially fund 100% of the purchase price without automatically selling investments.
- Property price
- €3,400,000
- Taxes, legal, notary and acquisition costs illustrative c. 10%
- €340,000
- Total acquisition requirement
- €3,740,000
- Traditional mortgage 50% of property price
- €1,700,000
- Portfolio-backed facility e.g. c. 70% of an eligible portfolio of c. €2.91m
- €2,040,000
- Cash sale of investments required
- €0
Financing examples are illustrative and do not constitute an offer of credit. Availability depends on the client profile, collateral, property, jurisdiction and lender approval. Portfolio-backed lending may be illustrated at up to approximately 70% loan-to-value where suitable. Actual lending value depends on portfolio composition, concentration, volatility, liquidity, currency, jurisdiction and lender approval. Borrowing below the maximum leaves a buffer if markets fall. Mortgage approval depends on income, residency, property value and lender. How Smart Financing works.
Property information is supplied by owners, collaborating agencies and/or authorised data providers and is subject to verification. Availability, measurements, planning status and specifications may change and should be independently confirmed before acquisition. The exact address is disclosed privately.