$1,054,072

Plot For Sale 3,128m² Of Construction Portimão

  • 33,670 Sqft lot
  • Updated: September 20

About the Property

Plot for Sale / 21 Dwellings + 384sqm of Commercial Area / Project Approved / Portimão. NURIAL Urbanization - 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 NUR
Plot for Sale / 21 Dwellings + 384sqm of Commercial Area / Project Approved / Portimão. NURIAL Urbanization - 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 504sqm and has already had a project approved (expired), contemplating a development solution with 21 apartments, spread over 7 T2 and 14 T3, complemented by 384sqm of commercial area. Features Plot area: 504sqm Implantation area: 384sqm Project approved Considered construction area: 3,128sqm Area H: 2,240sqm Commercial area (C): 384sqm Area L/E: 504sqm Floors above ground: 7 1st basement: 504sqm Apartments: 21 Typologies: 7 T2 + 14 T3 Commercial area: 384sqm Project approved (lapsed) One of the main differentiating factors of this plot of land is the fact that there has already been project approval, 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 384sqm. 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 384sqm 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 NURIAL Urbanization - Vale Lagar, 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 + 504sqm of plot + 21 apartments + 384sqm of commercial area + 3,128sqm 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 21 apartments - 7 T2 + 14 T3 384sqm of commercial space 3,128sqm of construction area considered 2,240sqm of area H 504sqm of area L/E 7 floors above ground 1 basement with 504sqm 504sqm of plot area NURIAL Urbanization - Vale Lagar, Portimão 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 (ref NU-NU_5955)
  • Property type

    Land

Features

  • Water View
  • Wine Cellar
  • City View
  • Basement
  • Gas Stovetop
  • Kitchen island
  • Bar
  • Stone Countertops
  • Balcony

Explore the Area

Vale de Lagar, Portimao, Algarve, Portugal View on Google Maps
Price per sqft
Low
High

View 1,056 more listings in Portimao

NurisImo

Joined 3 years ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

NurisImo
Portugal
View agency profile
137
Listings
2023
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
NurisImo
Portimão, Portugal
View agency profile
Last updated
September 20
First listed
Sep 17
Listing reference
-216623820
Call

Start phone call with:

Hello, I’m calling for the property with the reference -216623820, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.