$690,669

Real Estate Investment, Urban Development Plot In Portimão

  • 2,369 Sqft
  • 2,369 Sqft lot
  • Updated: July 23
  • 1
    Views for last 30 days

About the Property

In real estate development, predictability is one of the key factors influencing the profitability of an investment.

This 220 sqm urban plot, located in Portimão, is part of an approved subdivision, with its planning parameters defined by the respective Subdivision Permit (Alvará de Loteamento). This provides investors with a high degree of certainty regarding the site’s development poten
In real estate development, predictability is one of the key factors influencing the profitability of an investment.

This 220 sqm urban plot, located in Portimão, is part of an approved subdivision, with its planning parameters defined by the respective Subdivision Permit (Alvará de Loteamento). This provides investors with a high degree of certainty regarding the site’s development potential and allows the architectural design process to move forward within clearly established planning regulations.

Development Potential

The plot allows for the construction of a multi-family residential building comprising 10 apartments, configured as follows:

1 Two-bedroom Penthouse + Office (T2+1)
4 Two-bedroom Apartments (T2)
5 One-bedroom Apartments (T1)

A layout designed to meet current market demand, combining highly marketable unit types with strong investment potential.

Apartment Breakdown

Unit A (T1)
Gross Built Area: 89.93 sqm
Outdoor Area: 18.04 sqm

Units B, D, F and H (T2)
Gross Built Area: 92.86 sqm
Outdoor Area: 16.00 sqm

Units C, E, G and I (T1)
Gross Built Area: 68.33 sqm
Outdoor Area: 11.22 sqm

Unit J – Penthouse T2+1
Gross Built Area: 142.33 sqm
Outdoor Area: 49.16 sqm

Why should this investment deserve your attention?
Urban development plot within a subdivision, with building parameters defined by the respective Subdivision Permit.
High planning certainty, reducing development risk.
Product that responds to both residential demand and investor interest in the Portimão market.
Opportunity to maximise returns through phased sales or long-term rental strategies.
Located in one of the Algarve’s most dynamic property markets, with excellent capital appreciation potential.

The best investments combine location, planning certainty and long-term value.

This asset offers clearly defined development potential, providing investors with greater confidence throughout the planning and execution stages.

If you are looking for an opportunity to develop a residential project in Portimão, within a growing market with sustained demand, this plot deserves your careful consideration.

Request the Subdivision Permit, architectural drawings, floor area schedules and all supporting technical documentation to fully assess the potential of this investment.
  • Property type

    Land

  • Price/sqft

    $291

Features

  • Water View
  • Mountain View
  • City View
  • Investment Property

Explore the Area

Aldeia das Sobreiras, Portimão, Portimao, Algarve, Portugal View on Google Maps
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CENTURY 21 Realty Art II

Joined 4 years ago
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CENTURY 21 Realty Art II
Portugal
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67
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2022
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CENTURY 21 Realty Art II
Portimão, Portugal
View agency profile
Last updated
July 23
First listed
Jul 23
Listing reference
C0240-03668
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