Urban land for sale on España, Gáldar, ref: TR416951

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, presenting 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 only, 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.

All documentation will be made available to interested parties to facilitate a comprehensive feasibility assessment and streamline the due diligence process.