Land plot in Spain, Comunitat Valenciana, Javea For Sale

Javea, Comunitat Valenciana, Spain
150 000 €
Land plot in Spain, Comunitat Valenciana, Javea
Land plot in Spain, Comunitat Valenciana, Javea

Description

Great investment opportunity, for sale:  4. 010 m2 of land which is situated next to the exclusive urbanisation of LA LLUCA by Javea Golf Club. The plot is included  an area which has been ear-marked for future development by Javea town hall.  The entire area to be developed will eventually consist of approximately 11. 317m2 which will be divided into 6 building plots, each  with 1. 500m2 approximately.  The owner of the 4. 010m2 will have to pay their share towards the new urbanisation infrastructure costs, and these have been estimated in the region of 103. 000 euros.  This ·'project' is still in the early stages of obtaining approval from Javea town hall, it was presented to the town hall in 2914 and it may take another 2 years before the paperwork is in place, enabling the urbanisation infrastructure building work to commence.  This is a long term investment, which will result in 2 plots, each of 1503m2.  These resulting plots will have a minimum re-sale value in the region of 165. 000 euros each plot which is calculated on 110 euros / m2.  This is a conservative estimation of the resulting plots values based on market prices in 2016.  

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