Building Plot for sale in Santa Margalida, Mallorca

Excellent investment opportunity.
Suitable for the construction of between 23 to 28 apartments of 65 m2.

Urban plot of approx 1450 m2 (1438 m2 according to Cadastre), located on a corner, with open views, flat land and easy for construction, even of a basement, and excellent access.
Urban classification according to current municipal regulations.
Possibility of constructing 1520 m2 distributed over ground floor + 2 heights.
Maximum buildability per floor 840 m2.
Option for a basement or covered parking in the interior courtyard.
According to market study, the development of 2-bedroom homes of approx 65 m2 is recommended, with high demand from both residents and foreign buyers for second homes.
Current average market price in the area for 2-bedroom homes approximately 250,000 euros.

Price: 895,000 euros
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