Building Plot for sale in Son Vida, Palma de Mallorca, Mallorca

Rarely do we have the opportunity of a magnificent plot in Son Vida with building license ready.

Excellent opportunity in Son Vida — Palma Beverly Hills with approved project and license.

The plot has 2,200 m2 and we have the license to build a villa of 600 m2 plus 180 m2 of terraces.

Really outstanding investment opportunity, ideal for a profile with capacity and medium-term vision. This is a project in Son Vida, one of the most exclusive enclaves in Mallorca, with an estimated return close to 60%.

Reasons why it is a great opportunity
The land is sold with the project and building license already granted, something very valuable in Son Vida, where licenses can take up to 3 years due to bureaucracy. This allows shortening deadlines, reducing risks, and accelerating profitability.

Construction cost in Son Vida: approx. 5,000 €/m2
Total construction cost: approx. 3,000,000 €
Estimated total investment (land + construction): 5,000,000 €

Market value upon completion
Villas of this level in Son Vida are currently marketed between 8,000,000 and 8,500,000 €.
Moreover, the market in this area grows between 8% and 10% annually, and construction takes about 24 months, so time is on the investor’s side.

Profitability
The operation can generate an approximate return of 60%, depending on the finishes and sales strategy.

Do not miss this opportunity.