13 bedrooms Villa in Atalaya

A huge property originally constructed in 1981 with a total built area of 1,356m² on a plot of 3,932m². Its well located on the border of East Estepona by San Pedro so its near Puerto Banus. The property is distributed over 2 floors and consists of approximately 13 bedrooms and 8 bathrooms with various large reception rooms and 2 swimming pools. This property is in its original condition and is in need of a total refurbishment. The property has an overbuild based on the square meters of the plot which will need to be rectified. There are some restrictions in terms of what can actually be done with this property, at the moment you are only able to refurbish the existing structure based on the current PGOU plan. From a true investment perspective, one solution would be to construct 4 separate villas which would involve separating the plots onto to allow for 3 plots of 1000m² and the remaining plot of 932m², however as mentioned this is currently not an option but could be in the future. We have a full “Informe Urbanistico” report available upon request. This property represents an excellent investment opportunity however due to the current restrictions, one would either refurbish the existing property and remove the overbuild or purchase the property and discuss with the Town Hall the option to separate the plots to build the four villas as mentioned previously. Call for further information or to arrange a viewing.