Torremolinos, Andalusia, Spain
Development Plot in Central Torremolinos with High Growth Potential
€740,000
€4,901/m²
- 1
- Bedroom
- 1
- Bathroom
- 151 m²
- Interior
- Land
- Type
- 3 weeks ago
- Listed
The Habio take
This residential plot offers a prime opportunity for development in central Torremolinos, highlighting its permitted height for a potential four-storey building. Located in Andalusia, this area is known for its vibrant tourism and high demand for residential and mixed-use projects.
- investment
- new build
- city
Highlights
- Prime central location
- Maximum permitted height of 4 floors
- High demand for residential and mixed-use
- Potential for approximately 1,294.52 m² development
- Detailed planning feasibility report available
Good fit for: Ideal for developers looking to capitalise on a high-demand area.
Lifestyle scores
- Beach
- 60
- Walkable
- 80
- Remote work
- 60
- Family
- 50
- Retirement
- 55
- Airport access
- 75
- Investment
- 85
- Luxury
- 70
- Value
- 65
About this place
This residential plot for sale spans 151 m² in the vibrant Torremolinos Centro, where maximum permitted height allows for a development of ground floor plus four additional floors. Potentially, the site can yield approximately 1,294.52 m² of residential space, catering to both residential buildings and tourist apartments, with commercial space on the ground floor.
The location holds significant appeal due to its urban characteristics and reinforced area, presenting substantial income potential whether for residential or mixed-use projects. As the demand in the region continues to grow, this plot represents an ideal investment for developers and investors alike, with a detailed technical report available to assist in assessing its urban planning feasibility and development possibilities.
Where you’ll be
Torremolinos, Andalusia, Spain
Exact location is confirmed by the agent on enquiry.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
