Undeveloped Land for sale in Vélez-Málaga, Málaga

A 620,000 m² (62 hectares) plot of land is offered for sale, located within the municipality of Vélez-Málaga, in the eastern area of the Costa del Sol, between the towns of Torre del Mar and Caleta de Vélez. The property is approximately 25 minutes from Málaga city centre and Málaga International Airport, and just a few minutes from the beaches, marina, and Baviera Golf course, in a strategic location with easy access to the A-7 Mediterranean Motorway via the Vélez-Málaga and Algarrobo exits.

The plot has a total area of 620,000 m² and is currently classified as developable land, with a permitted building density of 5%, which can be increased to between 10% and 15% upon application to the Arenas Town Hall. It is situated at an average altitude of approximately 400 metres above sea level, with an East–Southwest orientation, offering open panoramic views of the sea and the Bay of Málaga.

The land has direct access via two paved roads with public lighting, as well as internal access roads already in place. It is connected to the electricity network, includes an electrical transformer station located on the plot, and is connected to the water supply. It also has three officially registered water sources with a total annual capacity of 6,750 m³. The installation of solar energy systems for self-consumption is also permitted.

The property allows for a variety of planning uses, including residential complexes, tourist apartments, holiday resorts, assisted living or senior living facilities, healthcare centres, hotel uses, or mixed residential and commercial developments.

The property is located near a major planned urban development on Camino de Torrox, which includes the construction of more than 500 homes, commercial areas, a hospital, a solar-powered desalination plant, new road infrastructure, and a future road connection between Vélez-Málaga and Arenas, as well as the planned coastal railway project between Nerja and Algeciras with designated stations. This planned urban expansion in the immediate area is attracting interest from developers and investors, with property values in the area having increased by between 20% and 30% in recent years.

The property is owned by a Spanish Limited Liability Company (SL) and may be acquired with or without the company. The company is debt-free, fully up to date from an accounting and tax perspective, and managed by legal and accounting advisors. It includes a refundable corporate tax credit of €1,500,000.