Premium New development

Plot for sale

Portimao, Algarve, Portugal

£1,698,735 *  [€1,960,000]

Plot for sale

Portimao, Algarve, Portugal

£1,698,735 *  [€1,960,000]

Property Details


  • Bedrooms: 0
  • Bathrooms: 0
  • Plot size: 750 m2
  • Habitable space: 2440 m2

Features


  • Double Glass

Full Description


RESIDENTIAL DEVELOPMENT LAND
The plot does not have an approved project.
The subdivision foresees the feasibility of a project for 28 apartments (1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom units).
We present an excellent investment opportunity for property development: a plot with feasibility for the construction of a multi-family residential building with swimming pool.
The total number of apartments may vary depending on the typologies and areas defined in the final project.
General Project Features
Plot area: 750 sqm
Total construction area: 2,443 sqm
Number of floors: 7 floors above ground
Basement and sub-basement designated for parking
Estimated total number of units: up to 28 apartments
Parking: 30 spaces
Typology Distribution (Preliminary Study)
The building may include different configurations per floor, depending on commercial strategy and market positioning:
Option 1
4 two-bedroom apartments per floor
Option 2
1 one-bedroom apartment
2 two-bedroom apartments
1 three-bedroom apartment
Option 3
2 one-bedroom apartments
2 three-bedroom apartments
Option 4
2 four-bedroom apartments
The configuration can be adjusted according to market study and intended profitability.
Parking
The project provides for 30 parking spaces, distributed between basement and sub-basement levels, ensuring comfort, functionality, and added value to the development an increasingly decisive factor in an urban context.
Investment Opportunity
This plot offers ideal conditions for the development of a modern multi-family building with high profitability potential, both for sale and rental.
The combination of an optimized number of units, high-demand typologies, private parking, and configuration flexibility positions this project as a solid and strategic solution for developers and investors.
#ref: L475
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This property listing (ref: L475) is an advertisement supplied by Villaskey and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.
*Based on an exchange rate of 0.8667 from Euro to GBP. This rate is updated daily and is an indicative market rate supplied by A Place in the Sun Currency. Actual trading rates vary.