Plot Of 5,090sqm In Pico Dos Barcelos, In The Parish Of Santo António, Funchal, In A Residential Are

Plot of 5,090sqm in Pico dos Barcelos, in the parish of Santo António, Funchal, in a residential area a few minutes from the city centre. The land lies on a hillside, facing Travessa do Pilar and bordered to the east by the Ribeiro do Choco stream, surrounded by houses and farmland. There are two small old buildings on the plot, in ruins. A large and rare plot within Funchal, suited to anyone looking for space for their own project. Deal terms: the owner accepts €500,000 in cash and the remaining value in apartments. According to a preliminary architectural study and the Funchal master plan (PDM) zoning map, about 3,227sqm of the plot are in a Medium-Density Residential Area, with a floor-area ratio of 0.60, allowing about 1,936sqm of gross building area for detached, semi-detached or terraced houses, or apartment buildings, with 2 storeys. The upper part, about 1,745sqm along the Ribeiro do Choco stream, is a Green Protection Area with no construction, which can be used for green spaces, access roads and parking. These figures are an estimate; building capacity and access conditions must be confirmed with Funchal City Council. Plot area: 5090sqm Ref: AU_AL_501 If you are a real estate consultant, do not hesitate to contact us for a 50%-50% partnership. Sousa D31 AMI 23602 (ref D3-AU_AL_501)