For sale

Villa in Finestrat

Finestrat, Alicante, Spain

Villas 980 m²

Price

1.590.000 EUR

1.622 EUR/m²

Property description

Investment opportunity · Finestrat, Costa Blanca

Four villas, one project, one buyer - taken over mid-construction.

A development where the hardest stage is already behind you: the land, the services and part of the structure are in place.

For sale is a project of four independent villas in Finestrat, to be taken over in its current condition and then completed and brought to market. Four units in two typologies, 244-247 m² of living space per villa, 1,711 m² of land in total, plus a private 19.20 m² pool and generous terraces at each villa.

The offer is aimed at an investor ready to take the project over quickly, run a short due diligence and close the transaction within an agreed timeframe.

Arrange a confidential presentation

Finestrat combines a mountain landscape with the infrastructure of a growing residential area. The setting is already serviced: roads, pavements and neighbouring homes under development. A golf course lies immediately next to the site and the beaches of the Costa Blanca are within easy reach.

The project

The development comprises four self-contained villas in two functional variants: two of type A and two of type B. The differences in floor area between the types are small, which makes it easier to position the whole scheme consistently on price.

  • 4 independent villas in a single project
  • 2 typologies - 2 x type A and 2 x type B
  • 244-247 m² of living space per villa
  • 1,711 m² of land in total
  • 19.20 m² private pool and generous terraces at every villa

Current state of construction

A substantial part of the work has already been carried out. The buyer takes the project over at a stage where the services and foundations are complete and the structure has begun.

  • earthworks and retaining walls
  • slabs and foundations of the further units
  • reinforced concrete structure of part of the development
  • serviced access roads and pavements at the plot

Before the transaction is finalised, the condition and quality of the work carried out, the completeness of the documentation, the status of the permits and the budget and schedule for completion should all be verified.

Location

The location combines the leisure qualities of the Costa Blanca with a growing residential area and established infrastructure. That supports both routes to value: retail sales of the finished villas and an investment exit once the project is complete.

  • golf course immediately next to the development
  • residential setting with roads, pavements and neighbouring homes under development
  • easy access to the beaches and the Costa Blanca coastline

What is being sold

The transaction covers the property and the project in the condition existing on the date of sale (“as is”), together with the documentation held by the seller and legally transferable to the buyer. The precise scope of rights, documentation, permits and project components will be set out in the transaction documents once due diligence is complete.

How the transaction runs

  1. NDA and data room
  2. technical and legal audit
  3. completion budget and offer
  4. transaction documentation

Full documentation, detailed floor plans, the exact location and the option of a private viewing are available after contacting our team directly.

The areas and parameters given are indicative and require confirmation in the technical, cadastral and planning documentation. Taxes, notary, registry, legal and financing costs and other transaction costs of the buyer are not included in the price.

Details

Reference no. EC-FIN01
Property type Villas
Status For sale
Price 1.590.000 EUR
Living area 980 m²
Location Finestrat

Features & amenities

Mountain view
Pool
Terrace

Video

Virtual 3D tour

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