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Canarias Paradise Real Estate presents an investment opportunity in Cruce de Arinaga (Agüimes, Gran Canaria): four adjoining urban plots, available for purchase either together or individually, in an established residential area with good transport links.

The main attraction of this property is its potential for residential development: a valuation carried out in 2023 identifies the most likely development scenario as the construction of one building per plot, with two flats per floor and six flats per building. In total, the study envisages 24 flats, in addition to basements to be used as garages.

This provides a particularly interesting basis for analysis for developers seeking land to build homes for sale or rent, subject, of course, to current technical and planning checks.

PRICES AND PURCHASE OPTIONS

• Three plots: €132,000 each. • Corner plot: €150,000. • All four plots together: €500,000.

SAVE €46,000 WHEN PURCHASING THE ENTIRE LOT!

The total of the individual prices is €546,000. Purchasing the entire development for €500,000 represents a saving of €46,000 and allows for the planning of a larger-scale residential development.

AREAS AND BUILDING POTENTIAL

The 2023 valuation lists plot areas of 192 m², 200 m², 200 m² and 192 m², totalling 784 m² (approximately 800 m²).

According to this document, the land is assessed under town planning regulation M3, with a maximum height of three storeys. The valuation also allows for basements to be used as garages and estimates six dwellings per plot, totalling 24 dwellings across the four plots.

This number of dwellings is based on a valuation study from 2023; it does not constitute a planning permission, an approved development plan or a guarantee of planning permission. Final feasibility must be confirmed by competent technical experts and Agüimes Town Council in accordance with current planning regulations.

LOCATION WITH AMENITIES AND GOOD TRANSPORT LINKS

Cruce de Arinaga offers supermarkets, shops, schools, pharmacies and everyday amenities. Its proximity to the GC-1 provides easy access to the airport, Las Palmas de Gran Canaria and the south of the island.

TWO WAYS TO INVEST, ONE OPPORTUNITY

If you are looking for a plot for your own project, you can purchase an individual plot from €132,000. If you represent a property developer or wish to explore a larger-scale development, the joint purchase option offers a plot of approximately 784 m² and a significant discount compared to the sum of the individual prices.

Please contact Canarias Paradise Real Estate to request information about the plots, the available valuation and the terms of sale, or to arrange a viewing.

CANARIAS PARADISE REAL ESTATE Your next project starts here.

LEGAL NOTICE: This advertisement is for information purposes only and is not contractually binding. Areas, prices, features, title and planning conditions are subject to documentary verification. The potential for 24 properties is an estimate based on a 2023 valuation; the local planning regulations, number of storeys, permitted uses and any buildable area must be verified in accordance with current planning regulations and the relevant authorisations obtained. Images of the building by Tecnitasas, where included, are illustrative renderings and not approved plans. Errors, omissions or changes may occur without prior notice. Taxes and transaction costs are not included, unless expressly stated.