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Villette Costa del Sol | Property for sale
Country: Spain
Region: Costa del Sol
Zone: Malaga

This area is a most popular destination, easily accessible by road, rail or bus.  It is not difficult to see why this buzzing cosmopolitan town on the Mediterranean is the number one choice for so many different kinds of people.

Previously a tiny finishing village, Feungirola has become a vibrant metropolis with character.  The advent of many up-market tapas bars, good cafes and restaurants, interspersed with chic boutiques and other shops of interest, as well as fabulous beaches makes it the perfect holiday destination.     

Given the situation and the characteristics of the construction, they are villas built as a primary residence, which is only 5 min by car to the beach, in the higher part of the city. 

The property has 36 carports, 18 storage rooms, two communal swimming pools and gardens.  The construction quality of the buildings in high.  Each villa has a surface area of 100sqm on two levels with 30sqm of terrace and garden and 15sqm of garage and storage space.  All the homes have sea view from the upper floor and composed of 3 bedrooms and 3 bathrooms, spacious living areas, separate kitchen and a large roof terrace.

Therefore the entire surface area is approximately 2465sqm, the communal spaces (gardens, entrance, pools and drive through) are approximately 1050sqm therefore the total of the constructed area is more than 3000sqm.  The total of the two plots is 5460sqm.

The price per square meter of the sellable part is roughly € 790,00 without considering the communal areas and grounds.  To this price you need to include € 180,00 per sqm to finish the works.  At the moment the complex is not complete, the bathrooms, kitchens, an entrance ramp of the right garage and the electrical wiring needs to be complete:  an estimate of € 400/450 000,00 is needed to finish.   

The asking price from the bank is € 1.950.000,00 , negotiable with a  finance of up to 60%. 

Ø  The entire building work of the first and second floor, garage, gardens and swimming pools are completely finished, the only items left is the carpentry, internal painting, sanitary items and electrics.  

Ø  All the technical drawings have been completed and are in good condition.  Also the urbanization work has been completed including the public lighting, irrigation and fencing etc. 

Ø  Before acquiring the license for occupation, certain items need to be required:

the application and payment of licenses awaiting the completion, construction certificates for end of the works, compositions of the Municipal Commission and Supply services, complete list of anything missing or damaged and finally insurance.

Ø  The valuation of the cost:  to complete the work for the 1st occupation amounts to € 440.141,00

Ø  The state of the external infrastructure and urban taxes associated, have been lifted.  The conformities of the Water Company, the Energy and Gas company regarding the initial connection still need to be determind.

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