Arona, Canary Islands 38640

Urban residential and hotel land of 2.400 square metres, an excellent option for the development of a project in one of the most exclusive areas of Tenerife South. Technical details of the land: Maximum permitted volume: 13.200 m3 Maximum occupancy: 40%. Maximum height: 18 m Maximum number of floors: 6 Maximum buildable area: 4.400 m2 Approximate construction price: 8.800.000. Price of construction and land: 13.800.000. Approximate selling price: 26.400.000. Estimated profit: 12.600.000. This land offers ample space to create projects such as residential buildings or hotel complexes, maximising its strategic location. Palm-Mar stands out for its quiet and residential atmosphere, as well as having all services nearby and easy access to the main roads of the island. Its proximity to beaches and natural surroundings make it a highly sought-after location for both residents and investors. With great potential for major developments, this land is ideal for investors, construction companies or developers looking for a modern and profitable project in an area in constant growth. The high demand for housing and services in Palm-Mar guarantees an excellent opportunity for high profitability in a strategic location. for more information or any queries - we are here to guide you through the whole process!