Plot For Sale | 3,128 M² Of Construction | Portimão

Plot for Sale | 21 Dwellings + 384 m² of Commercial Area | Project Approved | Portimão.
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Vale Lagar | Portimão | Algarve.

Excellent opportunity for real estate developers and investors looking for a plot with an already approved (expired) project for the development of a development that combines housing and commercial area in Portimão.

This plot of land, integrated in the NURIAL Urbanization - Vale Lagar, has an area of 504 m² and has already had a project approved (expired), contemplating a development solution with 21 apartments, spread over 7 T2 and 14 T3, complemented by 384 m² of commercial area.

Features
Plot area: 504 m²
Implantation area: 384 m²
Project approved (now expired)
Considered construction area: 3,128 m²
Area H: 2,240 m²
Commercial area (C): 384 m²
Area L/E: 504 m²
Floors above ground: 7
1st basement: 504 m²
Apartments: 21
Typologies: 7 T2 + 14 T3
Commercial area: 384 m²
Project approved (lapsed)

One of the main differentiating factors of this plot of land is the fact that there has already been project approval (which has since expired), allowing the investor to start from a development base already worked on.

The project includes a development with 21 apartments, spread over 7 T2 and 14 T3, associated with a commercial component of 384 m².

This combination allows structuring a real estate operation with two distinct components residential and commercial increasing the flexibility of the development and marketing strategy.

Development potential:

The residential component offers a balanced solution between 2 and 3 bedroom apartments, covering different demand profiles.

In addition, the 384 m² of commercial area represent a relevant component of the project, allowing the integration of spaces intended for commerce or services, according to the planned uses and the applicable conditions.

The existence of a previously approved project is also an advantage at the starting point of the development process, and its current administrative situation and any necessary conditions or changes must naturally be confirmed.

Supplier Location:

Inserted in the Vale Lagar Urbanization, in Portimão, the plot is located in a residential area close to commerce, services, equipment and road access.

The location allows you to benefit from the proximity to the centre of Portimão and the main areas of interest in the Algarve, while maintaining the residential setting of Vale Lagar.

Opportunity for investors

The main attraction of this asset is the combination of:

Approved project + 504 m² of plot + 21 apartments + 384 m² of commercial area + 3,128 m² of considered construction.

An opportunity aimed at real estate developers and investors looking for an already structured operation, with a significant residential component and an integrated commercial area.

In summary

Project approved (now expired)
21 apartments - 7 T2 + 14 T3
384 m² of commercial space
3,128 m² of construction area considered
2,240 m² of area H
504 m² of area L/E
7 floors above ground
1 basement with 504 m²
504 m² of plot area

An opportunity for developers and investors looking to develop a residential and commercial development in Portimão, starting from a project that has already obtained approval.

Note: The information regarding the approved project must be confirmed through the respective municipal process, including the validity of the approval and any conditions, changes or procedures necessary for its execution. Some images using AI.

Ref.: 5955
Energy Rating: Exempt
#ref:NU_5955