Plot in residential zone

Details:
This fantastic plot is introduced as an investment property.

At present no new building permits are being granted due to there not being an adequate infrastructure in the local services which is thought to be resolved in the next 5 years.

Properties with this potential would expect to sell at 280,000 euros plus if it had planning permission at today?s prices.

There is heavy investment in this area including another golf course and housing project, so it should have good medium to long term returns on the investment.


Location & surrounding area:
Canyamel is a seaside resort in the east of the island with a fantastic sandy beach. The most popular residential area is called "Costa de Canyamel", a quiet and relaxing zone. From the most plots you can enjoy marvellous sea and panoramic views all over the bay and the surrounding mountains. In two minutes you reach the sea or the many restaurants. The Canyamel Golf Course is less than 5 minutes away.