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Algarve, Albufeira, Portugal

€1,800,000
IAD, Porto
PROPERTY TYPE

Land

SIZE

84,820 sq ft

7,880 sq m

Description

Plot with approved PIP near Albufeira

This property consists of 2 plots of land located in the centre of Albufeira, close to shops, services and just 1 km from the beaches. It includes an architectural project, already approved, as well as a preliminary study and 3D's. The two plots, with respective areas of 3,800m2 and 4,080m2, have prior information requests submitted and validated by the Town Hall for the construction of 8 individual 4-bedroom villas, 4 of which are on each plot.
In the project, the villas have a total individual construction area of 295.83m2 (160.88m2 on the ground floor and 134.95m2 on the 1st floor).
Each unit has a swimming pool and an engine room. The construction indices proposed for the 8 single-family houses under horizontal ownership fall short of those stipulated by the P.U.C.A., and only 2/3 of the construction area was utilised, even allowing 2 more houses to be built, since of the 3,940m2 of construction area, only 2,650m2 was considered.

Excellent investment opportunity.
#ref: 127189

Algarve, Albufeira, Portugal

Approximate location
Open mapStreet View

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    17.1 miles

Advice on buying Portuguese property

Learn everything you need to know to successfully find and buy a property in Portugal.

About IAD, Porto

Av. da Boavista 934, Porto Portugal 4100-112

Founded in 2008, iad was born as the 1st digital real estate network made up exclusively of independent consultants. iad's DNA is based on 4 inseparable pillars: entrepreneurship, property, community and international.

In addition to head office support, the 4 pillars are backed up by digital technology and training, which make a major contribution to the success and appeal of the iad model.

With its headquarters in Paris, iad is the largest network of independent real estate consultants in Europe with more than 20,000 consultants and a turnover of 536 million euros.

iad has become the game changer of the real estate market by breaking with the sector's traditional codes, becoming the 1st French Proptech Unicorn.

In addition to France and Portugal, the iad group is also present in Spain, Italy, Germany and Mexico, the UK and the USA (more precisely, the state of Florida).

Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by IAD, Porto (reference 127189) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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