About Property
Urban Land in Portimão | Approved Project for 40 ApartmentsAn excellent investment opportunity in Portimão, Algarve. Urban land located in the Boavista area, approximately 200 metres from Shopping Aqua Portimão and surrounded by major commercial establishments such as Leroy Merlin, Maxmat, Decathlon, Burger King, Worten, Pingo Doce, and Portimão Retail Centre.
An area with strong urban growth, high residential demand, and excellent access. The land has an approved project since 10/02/2023 with all specialties already submitted to the City Council, ready for development.
Approved Project:
• 40 residential units
• 16 one-bedroom apartments
• 24 two-bedroom apartments
• 4 floors of housing above ground
• Basement for parking
Areas:
• Above ground construction area: 3,495.40 m²
• Basement construction area: 1,168.00 m²
• Total construction area: 4,663.40 m²
• Land area: 2,498 m²
Flat land, with sun exposure throughout the day and south orientation. Complete infrastructure: water, public sanitation, electricity, gas, telecommunications, and paved access.
Strategically located near the beach, hospital, schools, public transport, train station, and quick access to the motorway and the airport.
An excellent opportunity for developers and investors looking for a project ready to commence construction in one of the most sought-after areas of the Algarve.
Details
Location
Land in Portimão with approved project for 40 apartments
Portimão · € 1.600.000
Investment
€ 1.600.000
Availability and prices are subject to change without notice.
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