Embraced by the pristine shores of Mal Pais, this extraordinary beachfront property beckons with a distinctive investment allure. Boasting over 320 metres of beachfront and a coveted hotel zoning designation, this expansive 7-hectare parcel of land holds immense potential for development. The property is intelligently divided into 5.6 hectares in the maritime zone and 1.5 hectares of titled land with versatile mixed zoning.
Within the maritime zone, the property enjoys a hotel zoning classification, permitting up to 40% land coverage and the potential for an impressive 60 rooms per hectare. This zoning rarity in such a sought-after location positions it as a promising investment prospect. The titled land, with mixed zoning, allows up to 75% land coverage for either commercial or residential development. Furthermore, the property boasts over 400 metres of road frontage, providing flexibility for a myriad of development options.
Presently, the property features several existing structures, including:
– A fully-equipped restaurant
– Seven luxury safari tents (each approximately 36 square metres)
– A four-bedroom beachfront home
– A one-bedroom beachfront house
– A two-bedroom bungalow with a kitchen, living room, and private terrace
– A communal kitchen
– A yoga shala
– An art studio
Laundry facilities with storage
Building permits are already in place for nine additional units and common areas on the concession property, along with four villas on the titled land. Additional building permits are in progress, presenting a unique opportunity to capitalise on the groundwork laid for an exceptional hospitality experience.
It’s noteworthy that the neighbouring property is also available for sale, opening the door to the potential combination of both properties for an even more substantial development opportunity.
If the allure of this property resonates with your vision, we invite you to explore its possibilities further. Feel free to reach out, and let’s discuss how this remarkable beachfront gem can become part of your investment portfolio.