Spanish Investment Land For Sale With Good Development Potential

76,000m² (18.5 Acres) of land for sale. Andalucia, Southern Spain

Land View 1: The large white house in the centre with spectacular scenery in the background, is close by the proposed golf club entrance.	Land View 2: View across the land which extends beyond the near ridge line.	Land View 3: View down into the valley, the ridge from the previous image is on the right.
Land View 4: The views from the property are  magnificent. Enjoy the scenery as you dine in one of the first class restaurants on site.	Click here for Google Map of Albox / Taberno Freephone 0800 953 0041 - Ref IA 001690 LAND PRICE: € 700,000 (Option Agreement Available) Spanish Investment Property - 76,000m2 (18.5 acres) of potential development land in Andalucia, Southern Spain. This land is in a favoured development area and the local planning authority will look favourably on development proposals containing a mix of: Residential - Holiday Homes - Hotel - Commercial/Retail - Golf course, Other Leisure, Residential Retirement Home etc.

Investment land In Spain:

INTRODUCTION - The land is situated in the south east region of Andalucia where both the local and regional government are fully committed to promoting increased employment and sustainable economic growth in designated areas of the province. To this end they are encouraging development of undeveloped Regardo land (wet land), to attract investment from the private sector.

In support of their land development plans, the Andalusia government has received, EEC Objective 2 grant status. As a result, massive EU investment has funded the ongoing development of a coastal and inland motorways and ancillary interlinking secondary road networks, as well as new damns and improvements to the water and electricity distribution infrastructure. These programmes are now in their final stages of completion, ensuring good roads and sufficient power and water is available to support the anticipated new private sector property investment and development schemes.

LAND LOCATION - The property is situated close to Albox, about 30 miles inland from the coast in south east Andalusia. Not far from the newly upgraded A-334 main highway. The land is about 10-12 minutes from Albox, 15 minutes from Arboleas and about 45 minutes from the Mediterranean at Purto Del Rey. Aguilas is 40 miles. Murcia (the closest Airport) is 77 miles, other airports are at Almeria, 80 miles, Granada, 127 miles, Alicante, 123 miles, all airports are, or soon will be, accessible via the new motorway network.

GENERAL INFORMATION: This is one of the last remaining parts of southern Spain where property prices are considered good value and the crime rate is so low as to be almost nonexistent. This has precipitated a general upsurge in new build residential properties throughout the entire area, between the A-92N and the E15 motorway network. Most of these new builds are targeted at northern European buyers. 

Although largely rural, this is a quite densely populated area with hundreds of small and large villages, plus neighbouring villages and towns located in the nearby hills.  The population comprises both Spanish and a rapidly growing comunity of north European expatriates, in particular, the Albox area has a large British population which is growing steadily. In addition, the new motorway and newly upgraded local roads have made this area easily accessible to  large numbers of residents from much further afield, such as the areas around Huercal Overa, Pulpi, Aquilas, and the rapidly growing Lorca area.

Even with the lack of hotels, an influx of tourists in summer increases the population by at least 25% and by about 15% in winter. This is because a large number of residents, both Spanish and expats, operate their own investment properties for letting, and/or have friends and family visiting for the summer and winter holidays. In spite of this not inconsiderable influx, when it comes to leisure and retail facilities, the area is still largely underdeveloped with very little in the way of leisure development or golf, no major shopping centres and few hotels or restaurants.

Virtually all local retail is aimed at Spanish people and a development with the right mix of retail and leisure will not only attract local expat's and Spanish, but also attract people from much farther afield. We believe that with the right development plan, Golf immediately springs to mind (additional land can be found for a course if required), and good marketing, this site would attract customers as far afield as Almeria, Granada and Murcia as well as from the more local conurbations of Albox and the Amanzora valley, Velez Rubio, Baza and Lorca, plus of course people from the coast as this will be less than an hour away from places like Mojacar and Aguilas.

DEMOGRAPHICS: Demographics from the town hall can be made available to interested parties.

ACCESS - Access to the land is currently by an unpaved road which is scheduled to be upgraded to tarmac by the local council in the very near future.

SERVICES - The land has its own independent water supply, estimated cost of electricity connection to the property is about 30,000 euros.

LAND DESIGNATION - The land is currently undergoing re-designation as Regado or Wet land. This designation is the key to unlocking the development potential of the land, as (under Spannish planning law) it will result in the land becoming eligible for development.

PLANNING HISTORY - The land owners have had detailed plans drawn up to build a golf/commercial/residential complex with mixed residential, retail shops, hotel, car park, Golf, swimming pools, play area, gymnasium, bars and restaurants, etc. They have consulted extensively with the local Mayor and council who have seen the plans and are enthusiastic over the proposed development, but no application has been submitted for formal approval.

PLANNING PROSPECTS - The transition from Secano Land to Regado Land makes this an ideal time to work up development proposals for the land with the Mayor, Andalucia Junta (Chief Planners) and local government officials. A copy of the original architect plans for the site can be provided and preliminary meetings, with the Junta, local authority and the Mayor, can be arranged at short notice to discuss their attitudes to development on the land.

Before entering into discussions/negotiations with planners etc, we strongly recommend interested parties consider representation by a local company, familiar with the area, and having the right contacts within the Andalucia Junta (planners) and the local council. We would be happy to recommend suitable companies if requested.

CONCLUSION - There has been a very positive response, from both the local population and council officials, for a development of the type suggested for the land. Both the Mayor and council are highly likely to look favourably at, and provide support for, imaginative and genuine development proposals.

LAND VALUES

With permission in place for development the estimated land value is circa €6 million Euro.

ASKING PRICE: The Freehold is For Immediate Sale at just €700,000 Euro.

Alternatively, an "Option to Purchase" agreement on the land may be available to the right candidate. Terms are 10% of current purchase price and a negotiable percentage of the end value of the property with planning permission in place.

We hold additional information on the land regarding infrastructure and practicalities, interested parties should contact us at your earliest quoting ref: 1690. 

PHONE: UK: 0800 953 0041. From Outside The UK: 44 800 0041

Or Email: info@landforsalespain.co.uk

Quote Ref IA 001690