Vilamoura – Plot With Valid Licence For 7 Townhouses | 1,701 M²

UNYK PLACE is marketing a 3,679.65 m² urban plot in Vilamoura (Loulé, Algarve), sold with a residential project holding a valid construction licence. The opportunity is aimed at developers and developer-builders looking to move directly into the construction phase.

LICENSED PROJECT
The licence, issued by the Municipality of Loulé, covers 7 single-family townhouses in a row with a communal pool, for a licensed construction area of 1,701 m². Each T2+1 townhouse (2 bedrooms + multipurpose room) provides 198.4 m² of gross area over three levels: living room and kitchen on the ground floor, two bedrooms and two bathrooms upstairs, and a multipurpose room, laundry and bathroom on the lower level. Each unit has a private garden of approximately 88 m² to over 220 m².

KEY FINANCIALS
According to a preliminary estimate by our technical consultants, the total project cost amounts to €9,125,000, including land acquisition, construction (estimated at €3,200/m² above ground and €2,200/m² below ground) and ancillary costs. The estimated margin is 39% on total cost. These figures are indicative and non-binding.

MARKET
Property prices in Vilamoura have risen by 84% over the last five years. In the local new-build supply, the T2+1 townhouse remains an under-represented format, positioned between apartments and villas.

TERMS
Price: €1,900,000 ·

The full technical and planning file, together with the detailed financial study, will be shared with qualified buyers after signing a non-disclosure agreement (NDA) and initial commercial discussions.

UNYK PLACE — AMI 19927