Tavira, Portugal

Stand for Sale

Tavira, Portugal

  • CA$3,758,589
  • 0 BEDS
  • 0 BATHS
  • 167,324.99 sq.ft. Land
  • CA$3,758,589

Stand for Sale

Tavira, Portugal

  • CA$3,758,589
  • 0 BEDS
  • 0 BATHS
  • 167,324.99 sq.ft. Land
  • CA$3,758,589

Key Facts

  • MLS® #: 105240093
  • Property ID: SIRC3022187
  • Original Price: EUR 2,700,000
  • Property Type: Residential, Other
  • Lot Size: 167,324.99 sq.ft.
  • Year Built: 1900

Property Description

Plot comprising two lots with a total area of 15,545 square meters, located just five minutes from the beaches of Tavira and three minutes from Benamor Golf course. Currently, these two lots contain one with an approved PIP by the Municipality of Tavira, for the construction of a gated community and six detached houses with private pools just minutes from the beach. The first lot with a total area of 3,400 square meters is approved for the construction of two buildings with 50 apartments of different types, with underground parking and a communal pool. The second, larger lot with a total area of 12,145 square meters, is approved for the construction of 18 houses, six detached houses with private pools. In both lots, the total construction area was not requested for the approval of the currently approved PIP, with a building index of 1.2% of construction on both lots' total area. These lots represent an excellent investment opportunity, with great potential for profitability in a developing location.

Listing Agents

  • Vilamoura Office

    O. +351914530933

  • Virgolino Gomes

    O. 351919224919

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Marketed By

Portugal Sotheby's International Realty
Algarve, Vilamoura, Quinta Lago, Vale lobo Av Marina, Vila Lusa, Loja 5
Loulé, Faro, 8125-401
Portugal

(+351) 919 224 919

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