$804,386

Plot With Approved Pip For The Construction Of 4 Detached Houses In Portimão

  • 8,676 Sqft lot
  • Updated: Yesterday

About the Property

Plot of land with approved planning permission for the construction of four houses, on a plot measuring 806 m2.

The project features a terrace with river views. The four houses will be three- and four-bedroom properties, spread over three floors:
Ground floor: bedroom, bathroom, living room, kitchen and a large patio. There is the option to include a lift and to build a private swimmi
Plot of land with approved planning permission for the construction of four houses, on a plot measuring 806 m2.

The project features a terrace with river views. The four houses will be three- and four-bedroom properties, spread over three floors:
Ground floor: bedroom, bathroom, living room, kitchen and a large patio. There is the option to include a lift and to build a private swimming pool.
First floor: 3 en-suite bedrooms.
Second floor: multi-purpose space and a roof terrace with river views.

The average gross floor area above ground, per villa, is 210 m2, plus the outdoor area (which varies depending on the property), the terraces, the balconies and the covered area on the top floor.

Two of the villas have an enclosed garage for at least two cars, with direct access to the property via an internal staircase. The other two have dedicated outdoor parking. All are completely self-contained up to the top floor.

The aim is to create a building that blends seamlessly into its surroundings, standing out for its aesthetic quality whilst retaining its simplicity. The design is geared towards family living, offering outdoor spaces where residents can enjoy plenty of sunlight and views.

Are you looking for high financial returns? The feasibility study carried out for this type of development confirms a return on investment of 35 per cent. It is an excellent investment opportunity, carefully planned to minimise costs and maximise sales value.

The plot is situated near the centre of Portimão and 1,800 metres from Praia da Rocha. Set in a fantastic setting, stretching just over one kilometre in length, the waterfront promenade along Portimão’s riverfront features a wide pedestrian boulevard. The palm trees lining the path lend the area an exotic atmosphere.

For further details and/or viewings, please contact me.
  • Property type

    Other

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Portimão, Faro, Portimao, Algarve, Portugal View on Google Maps
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Famous Group Real Estate

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Famous Group Real Estate
Faro, Portugal
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101
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2024
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Famous Group Real Estate
Portimão, Faro, Portugal
View agency profile
Last updated
Yesterday
First listed
Jan 25, 2025
Listing reference
00509_2025/12048
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