£320,345

Land for sale

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£320,345

€379,000 (€31.16/sq. ft)

Land for sale

Estômbar E Parchal, Lagoa (Algarve), Portugal

12,163 sq. ft

Local area information

Property location

Nearby amenities

Features and description

Excellent Investment Opportunity in Estômbar

We present this outstanding urban plot of land with a total area of 1,130 m2, ideally located in a strategic and highly sought-after area of Estômbar.

The plot allows for a construction area of up to 825 m2 with a building footprint of 306 m2, offering significant potential for real estate development.

A previous project had been submitted and approved, which included:

3 three-bedroom apartments (T3)
2 two-bedroom apartments (T2)
1 commercial unit (shop)
Garage and basement parking

The planned building comprised a basement (garage), ground floor, and two upper floors.

A new project will need to be submitted, giving investors the flexibility to tailor the development to current market demands.

Ideally located, this plot offers excellent accessibility and strong potential for high returns - perfect for investors seeking a profitable and well-positioned project.

Don’t miss this unique opportunity.
For more information, please get in touch.
#ref: 882531

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More information

Property descriptions and related information displayed on this page are marketing materials provided by - IAD PORTUGAL S.A.. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact IAD PORTUGAL S.A. for full details and further information.

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