Plot for sale
Portimao, Algarve, Portugal
£1,698,735 *
[€1,960,000]
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: L474
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