Development For Sale Arrecife Ad:1029033

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€1,250,000

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Development
For Sale
Arrecife
Spain

Exceptional investment opportunity in Arrecife City Centre. 773 m^2 urban plot with a licensed 498 m^2 holiday rental generating immediate income.

Property Overview:
- Plot size: 773 m^2
- Existing building: 498 m^2 licensed rental
- Approved project: 32 apartments, 50 parking spaces
- Licensed holiday rental with current operations
- Asking price: EUR1,250,000 (negotiable)

Key Features:
- Immediate income stream
- Prime city-centre location
- High residential demand
- Fully serviced urban area
- Strong growth potential

Description:
This city-centre plot offers a turnkey residential development opportunity. The existing rental building yields instant revenue, while approved plans allow for a modern 32-unit complex with ample parking. Ideal for investors and developers targeting sustainable returns in a thriving market.

Comment:
Excellent investment opportunity in Arrecife City Centre, a consolidated area with high residential demand, comprehensive services and strong growth potential. For sale urban plot of 773 m2 with an existing 498 m2 building currently licensed and operating as a holiday rental, offering immediate income. The project includes plans for a building of 32 apartments and 50 parking spaces, ideal for developers and investors. Price: EUR1,250,000 negotiable

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