Land for sale

We have an extraordinary finalist plot for hotel use for 370 rooms + in Velez. Málaga. Malaga. Spain. Unique investment opportunity on the Costa del Sol, with a sale price less than 50% of its mortgage value. 1.- CADASTRAL VALUATION: Its cadastral value is 8.849.932,93 €, after recent municipal appraisal. 2.- MORTGAGE VALUATION: Official appraiser approved by the Bank of Spain. 8.700.000€ 3.- TYPOLOGY OF THE LAND: Hotel use such as HOTEL (e.g. 4 star hotel with 370 rooms), Motels, Apartoteles etc. 4.- Confirmation of the City Council to allocate up to 49% of the land to any of the following uses: 4.1. Use of Community Accommodation, such as: ELDERLY RESIDENCE, Children`s Residence, Student Residence. 4.2. Use of Offices and Offices, such as Gestorías, Real estate, Banks 4.3. Commercial Use such as Markets, Supermarkets, Stores, etc... 4.4. Use of Medical Services, such as Hospitals, Clinics, Outpatients` Departments, etc. 4.5. Hospitality use, such as Cafeteria, Bars, Restaurants, Discotheques, Casinos. 4.6. Use Industry: Transformation of raw or semi-finished materials. 4.7. Educational Use, such as Schools, Kindergartens, Universities, etc. 4.8. Recreational and Cultural Use, such as Shows, Cinemas, Libraries, Museums. OPPORTUNITY PRICE: 3.900.000€ + VAT. THE PROPERTY IS DULY DOCUMENTED LEGALLY AND URBANISTICALLY AND READY FOR SALE. INTERESTED SEND CORPORATE LOI TO: info@barresluxuryproperties.com to the attention of Mr. Carlos J. Barres M. CEO & Managing Director. Barre`s Luxury Properties, S.L. Marbella. Spain.