Setúbal, Setúbal, Portugal

Situated in the parish of Azeitão, in Setúbal, this 2,859.20 m² plot offers a highly favourable urban planning framework, benefiting from the new Municipal Master Plan, which grants a gross construction area of 4,288.8 m². The asset includes an approved architectural project for three residential blocks, totalling 22 units (six one bedroom, eight two bedroom, four two bedroom plus office, and three four bedroom apartments), a balanced mix designed to maximise market absorption and minimise stock risk. The proposed configuration aligns directly with local demand, driven by families and young professionals seeking accessibility, quality of life and proximity to Lisbon.
Azeitão shows consistent appreciation indicators, supported by limited new supply, residential pressure from the Lisbon Metropolitan Area and growing demand for premium suburban zones. The plot benefits from strategic access — A2 in 15 minutes, railway station in 10 minutes and Lisbon in 40 minutes — strengthening its ability to attract qualified demand. Proximity to essential services, Hospital da Luz Setúbal and St. Peter’s International School further enhances the appeal and liquidity of the final product.
Financially, the asset stands out for its strong return potential, with conservative projections indicating margins above €2.5M, supported by competitive construction costs, high demand and continuous value growth in the area. The plot size, permitted volumetry and approved project significantly reduce development time and operational risk, making it particularly suitable for developers seeking efficient investment cycles.
Sotheby’s International Realty, with nearly three centuries of experience and a consolidated presence in Portugal, ensures specialised support throughout the entire process, guaranteeing rigour, discretion and strategic market positioning.