Superb investment opportunity to acquire 5.310m2 of land in a much sought after area of Praia da Luz, close to all amenities and the beach. Permission has recently been granted for the plot to be divided into 5 plots, each with a building permission for an individual luxury 4 bedroom villa with pool. Each villa can be perfectly positioned to enjoy great ocean views. The prognosis is that these villas will sell between 1.2 and 1.6 million euros per villa. Due to the shortage of availability of land to develop in Praia da Luz is this a great opportunity for a dynamic investor! So don't delay and grab this opportunity while you can!
The total land area - 5.310m2
Total construction area - 1.062m2
With mains drains, water, electricity and phone connections all close by, this fantastic development opportunity has the following pre approved characteristic:
Plot 1 - total plot size 1.250m2 villa construction size of 250m2, 2 floors + basement*
Plot 2 - total plot size 1.143m2 villa construction size of 229m2, 2 floors + basement*
Plot 3 - total plot size 1.020m2 villa construction size of 204m2, 2 floors + basement*
Plot 4 - total plot size 985m2 villa construction size of 197m2, 2 floors + basement*
Plot 5 - total plot size 912m2 villa construction size of 182m2, 2 floors + basement*
* Please note that the total allowable and above-mentioned building area does not include the basement.
These are extra m2 that can be added to the permitted construction presented.
Pool Heating: No
Access to Property: Good Access