Urban plot in Las Mimosas: an investment with a view.
€4,000,000
~4,137 m² Plot surface
Description
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Engel & Völkers is pleased to present this 4,137 m² urban plot in the most exclusive area of Santa Cruz de Tenerife.
Situated on a hillside in the upper part of the exclusive Las Mimosas neighborhood, this site was subject for years to the Vía de Cornisa project, ultimately abandoned by the municipal authorities. This makes it the last large plot available in one of the few areas where luxury development is profitable.
With spectacular views of the city, the sea and the surrounding landscape, as well as a central location in an area offering all services and concentrated commercial, leisure and dining options, this unique property is destined to become a landmark in the capital.
Planning regulations initially permit a floor-area ratio of 60% over 3 floors, with 33% site coverage and a minimum plot size of 500 m², a minimum setback from front boundaries of 5 meters, and 3 meters from the side and rear boundaries. The minimum inscribed circle diameter is 18 meters.
Exclusivity, prestige, profitability. There are many reasons to take advantage of this unique opportunity.
The Las Mimosas neighborhood, part of the Central District of the Tenerife capital, lies in the upper section of Rambla de Santa Cruz, between the bullring and the Gran Hotel Mencey.
Its origins date back to the late 19th century, when the Hotel Pino de Oro opened its doors. Shortly afterward, at the beginning of the 20th century, the Quisisana Hotel was built by businessman Enrique Wolfson; it has since been converted into a school.
Chosen by the affluent classes from those early days, this exclusive district of the capital gradually filled with striking homes and mansions over the decades, creating a diverse blend of architectural styles. This aesthetic eclecticism gives Las Mimosas its picturesque character, with steep slopes lined by walls overflowing with vegetation from ornamental gardens.
Las Mimosas is located in the heart of the capital and offers an excellent range of educational, leisure, and commercial facilities. With excellent transport connections and spectacular views, it is the most sought-after area in the city center.