Arona, Canary Islands 38640

Urban residential land of 4.491 square metres, an excellent option for the development of independent villas in one of the most exclusive areas of Tenerife South. Technical details of the plot: Buildability: 0.7 m/m. Maximum occupancy: 25% of the plot Maximum height: 7m Maximum number of floors: 2 Minimum plot size: 300m2 Number of independent plots into which it could be divided: 14 Approximate area per plot: 320 m Buildable area for each plot: 128 m2 Total buildable area: 1.792 sqm. Approximate construction price: 3.584.000. Price of construction and land: 6.104.000. Approximate selling price: 10.752.000. Estimated profit: 4.648.000. This land offers ample space to create projects such as luxury detached villas, maximising its strategic location. Palm-Mar stands out for its quiet and residential atmosphere, as well as having all the 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!