Investment Property In Grândola: Expansion Potential

The property has a built area of 855 m², set on a plot of 1,221 m², and includes a pleasant patio with 355 m² of uncovered area, endowed with vegetation and two wells. Built in the late 19th century, the current structure comprises several independent fractions, including the main house, warehouses and offices, arranged in a ”U” shape around the central courtyard.

According to preliminary information from the Municipality of Grândola and confirmed by the PDM currently in force, the property is inserted in a residential use zone, allowing townhouses with a maximum of two floors and with a maximum implementation of 75%. This allows for a significant expansion: it is potentially feasible to build up to 900 m² at ground floor level and equal area on the first floor, totaling around 1,800 m² of possible construction.
The option of preserving the existing construction, adding a first floor, may represent an important added value to the project, by maintaining the architectural identity and memory of the place.

The property is located in a ARU zone (urban reabilitation zone) and it benefits from a 6% VAT.

In the last 15 years, Grândola has been the scene of real estate appreciation, driven by the growing demand from national and international buyers. The proximity to the Atlantic beaches, the mountains and new reference tourist projects has consolidated the village as a destination of excellence, with an increasingly premium and selective offer. This dynamism reinforces the potential of this property both for traditional residential rehabilitation and for the development of a tourist project or qualified housing.

A unique opportunity for those looking to invest in an expanding area, with a large margin of appreciation and an authentic urban setting full of history.