Building Plot for sale in Gáldar, Gran Canaria

694 m2 Plot | Approx. 1,250 m2 Buildable Area | Outstanding Opportunity for Developers and Investors

A consolidated urban development plot located on Pío XII Street (Marmolejos – Gáldar), offering 694 m2 of land under B2 planning regulations, with an approximate buildable area of 1,250 m2. It presents an excellent opportunity for a residential development or the construction of a substantial detached home.

The plot currently includes an underground water reservoir of approximately 600 m2, with an estimated storage capacity of 2,400 m³. The potential reuse of this infrastructure can be assessed by the purchaser's technical team according to the proposed development.

Planning information
- Consolidated urban land.
- Plot size: 694 m2.
- B2 planning classification.
- Building ratio: 1.80 m2/m2.
- Approximate buildable area: 1,250 m2.
- Maximum permitted height: 2 storeys (8.50 metres).
- Possibility of constructing a basement or semi-basement.
- Maximum site coverage of up to 90%.
- Direct access from a public urban road.

Development potential
Current planning regulations allow for a variety of residential development options.

As an indication, a project making full use of the permitted buildable area could achieve an estimated gross sales value of between €2.2 million and €2.6 million, depending on the final design, housing typology, construction specifications and prevailing market conditions.

The current asking price represents approximately 11% to 13% of the potential gross development value (GDV), making this a particularly attractive opportunity for developers assessing the residual value of the land.

Permitted uses
- Residential apartment development.
- Detached family housing.
- Commercial premises.
- Office space.
- Garages and parking facilities.
- Small hospitality businesses.
- Other compatible uses permitted under the B2 planning regulations.

Documentation available
The property is offered with the following documentation:
- Urban planning certificate issued by Gáldar Town Council.
- Land registry documentation.
- Cadastral documentation.