Villa for sale in Málaga, Marbella, El Rosario, Marbella 29604

Single-storey villa for renovation located in the upper eastern part of El Rosario, a gated community with security service. South facing, the villa currently has 5 bedrooms and 3 bathrooms. Surrounded by a mature garden with swimming pool. The property comes with an interesting renovation project + license to build a 3-level luxury villa with solarium boasting panoramic sea views and comprising 6 bedrooms and 8 bathrooms (639.52 built m2 in total).Building volume of the plot: 0.33 gross floor areaOccupation: 25%This is a unique opportunity to acquire such an extensive plot in that area that allows to build a 639-m2 home with guaranteed panoramic views. Estimated minimum ROI of EUR 500,000 (as the project indicates building costs of EUR 478,000). Once completed, the villa would have a price of EUR 2,500,000 and 3,000,000.Within a 3-minute drive to the beautiful sandy beaches of Las Chapas with its restaurants, shops and a tennis club, and only 5 minutes’ drive to Marbella centre. Ready to start building straight away!