Brief Project Overview
This project has significant and realistic opportunity to gain permission for socially aware or eco-friendly projects over the next three to five years. This site is an ideal opportunity for those who wish to get in at the very early stages of the potential development cycle and position themselves for significant profit opportunity over the long term. Please note that we are not pushing for re-zoning for standard or luxury villas as we feel that this is not only lessens the changes of gaining permissions but also exposes the project to additional risk factors through this market sector slowing in Spain. Instead we are only exploring projects which will be of benefit to the surrounding areas and that carry significant points of positive differentiation between this and other planning applications.
Brief Location Overview
This plot offers superb commercial or residential development potential in the Olerdola district (boarders the prestigious Olivella district). The plot enjoys superb panoramic views over the surrounding countryside and located between the existing developments of Mas Mestre, Can Suria and Can Trabal. On a wider level the plot is close to (12km) the capital of the Penedes wine region, Vilafranca to the west. The location allows fast access to the regional capital of Barcelona (42 km) and the international airport (28 km). In addition to this the plot is well sited to the popular costal town of Sitges, currently one of the most expensive real estate locations in Spain. In recent years the surrounding areas have experienced explosive growth and this trend looks set to continue.
Brief Location details
Current price: 30 Euro per m2
Average local land values with planning permission (*): 142 Euro per m2
Current Status: Green Land / Rustic Land
Plot size: 35,913.59 m2
Local Planning Authority: Ajuntament d'Olerdola
The plot is situated on the edge of the current Can Trabal development and has road access, power and its own water supply.
Potential Developments
We believe that this particular site would be ideal for the following possible developments (**):
- Sheltered accommodation for the elderly
- Zero Carbon footprint housing
- Zero Carbon footprint medical centre
(*) This value is taken from a cross section of nearby land currently for sale through agents in the local area that has been granted as 'brown land' and licensed for residential use. The prices were taken at the time of publishing and are believed to be correct.
(**) These are separate projects that we feel would be ideal for this plot after (and if) it gains re-zoning. Please ask your Keats consultant for more information.
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