Rustic Land for Sale, Portimão, Faro (Algarve)

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Property details

• District
  Faro (Algarve)
• County
  Portimão
• Locality
  Portimão

• Area
  5300 m²
• Plot area
  5300 m²
  

• Price
  1.799.000 €
• Energy Rating
  ND

• Property code
  39387

Would you like to know more about this property? Request more information or schedule a tour. No obligation!

Description

Rare investment opportunity in Portimão - Urban land with strong potential for development and residential construction possibilities. This land is included in the Portimão Municipal Master Plan (PDM) in zone Z.3, designated for a population density of < 200 inhabitants/ha, with defined urban parameters as follows:

- CAS < 0.30 - Building density
- CIS < 0.45 - Waterproofing index
- COS < 0.50 - Construction index
- Maximum height allowed - up to 5 floors

These characteristics make the land ideal for both personal housing and real estate development projects with subdivision. Current Property Situation: There are two constructions on-site:

- Warehouse in excellent condition - Approximately 20 years old. Traditional reinforced concrete structure with masonry walls.
- Main residence (single-storey house) - About 70 years old, in good overall condition. Consists of the main residence and outbuildings (storage and leisure area). Structure in rammed earth and partition walls, with some more recent areas in masonry (coated and painted).

Finishes and interior features:

- Ceramic and smoothed concrete floors
- Plastered and painted walls
- Ceilings with beams and ceramic tile or metal panel
- Aluminium and wooden frames with single glazing
- Garage and oven house in masonry associated with the residence

Potential and Profitability: This property represents an excellent opportunity for those looking for a home to live in, as well as for investors interested in creating a residential subdivision, taking advantage of the favourable urban parameters. The land offers space and feasibility to develop a project with multiple housing units or other residential use as outlined in the PDM. Contact us for more information or to schedule a visit!

Develop your project in a location with potential - seize this unique opportunity in Portimão.

Contact me:
Nelson Marques - +351 917 819 781