ARENAL: THREE PLOTS FOR THE DEVELOPMENT OF 3 DETACHED HOUSES

An attractive development and investment opportunity in Arenal comprising three directly adjoining plots with a combined land area of 1,211.58 m².

Each plot offers approximately 400 m² of land and provides the opportunity to develop a total of three detached houses.

The site is suitable both for private buyers wishing to develop neighbouring homes together with family or friends and for investors looking for a manageable residential development project close to Playa de Palma.

PLOTS & DEVELOPMENT

Total land area: 1,211.58 m²

3 adjoining plots

Approx. 400 m² per plot

Potential development of 3 detached houses

Suitable for private joint developments or investors

Currently undeveloped

As a general indication, current construction costs for a high-quality residential project may range between approximately €3,000 and €4,000 per m², depending on the architecture, specifications, technical systems and materials selected. A detailed cost calculation should be based on the final project and current contractor quotations.

URBAN INFRASTRUCTURE

Street lighting

Pavements

Municipal electricity supply

Municipal water supply

Sewage system

LOCATION

The plots are situated in Arenal, an established coastal area with good infrastructure and convenient access to Playa de Palma.

A wide range of everyday amenities can be found nearby. Lidl and a recently opened Aldi are within easy reach, together with restaurants, shops and other services.

The proximity to the beach as well as the convenient connections to Palma and the airport further enhance the appeal of the location for both private residential use and development purposes.

The combination of three adjoining plots and the possibility to develop several houses as one coordinated project offers considerable flexibility for private buyers and smaller-scale developers alike.

Further information and documentation available upon request.

GOIBE468739/2024