Land plots for construction

On a parcel of land with 1.498,75 m2, located 350 m from the Arade river, here you have 6 plots of land, in the center of Parchal, one of the parishes of the council of Lagoa, waiting for you. This urbanisation offers, in total, the construction possibility of 1 family house up to 250m2 (on Plot 1) and 5 blocks holding up to 20 apartments, of which 10 apartments T2 and 10 apartments T3 (on Plot 2 to Plot 6), meaning 2.850 m2 of total building permit. It is in a quiet and very central location, far from the bustle of the big cities and from the hustle of summer holidaymakers in high season. It is served by numerous close-by services, a big supermarket, several well-known restaurants and schools, making it an excellent investment. It stands at 1,2 Km (3 min driving distance) from the roundabout of the “old bridge” access to Portimão or 2,6 Km (6 min driving distance) to the center of Ferragudo. These plots are also just 10 min from the region's most beautiful and peaceful beaches of the council of Lagoa, such as Praia Grande, Praia dos Caneiros, Carvoeiro, Benagil or Marinha. Just a stone's throw between the cities of Portimão and Lagoa, it's in an ideal location that invites you to enjoy its dream beaches, numerous golf courses, taste its gastronomy and wines and practise a wide range of activities, such as surfing, diving, fishing or walks in the Serra de Monchique, all under the magnificent 300 days per year of Algarvian sunshine. These 6 plots of land are only sold together and with the following allowed construction possibilities: Plot 1 - Area 282,00 m2 = 1 single family house (villa) 250 m2 total built area Plot 2 - Area 243.35 m2 = 4 apartments (2xT2 + 2xT3) Plot 3 - Area 243,35 m2 = 4 apartments (2xT2 + 2xT3) Plot 4 - Area 243.35 m2 = 4 apartments (2xT2 + 2xT3) Plot 5 - Area 243.35 m2 = 4 apartments (2xT2 + 2xT3) Plot 6 - Area 243,35 m2 = 4 apartments (2xT2 + 2xT3) Out of the 2 floors approved for the area, the 2nd floor flats will already have a beautiful river view. There might soon be an approval for a garage basement. All the infrastructure is already finished in-situ, such as water, sewage, electric lighting, tarmac access streets and “Sixeco” concrete pavé board walks and parking areas. The urbanisation falls within the so-called "Urban Rehabilitation Area" (ARU) of Parchal. The ARU is a territorially delimited area characterised by buildings, infrastructures, equipment for collective use and urban and green spaces for collective use that are in a situation of insufficiency, degradation or obsolescence, jeopardising the conditions of use, solidity, safety, aesthetics or healthiness, and which justify an integrated intervention through an urban rehabilitation operation. The tax incentives in ARU locations are as follows: - on purchase: Exemption from IMT on the purchase of properties destined for rehabilitation interventions where the start of the works takes place within 3 years of the purchase. - During the rehabilitation work: Reduction of the VAT rate by 17 per cent. Taxation at a rate of 6% for improvement, remodelling, renovation, restoration, repair or conservation work on properties or autonomous parts thereof used for residential purposes, (...) The reduced rate does not cover the materials incorporated, unless their value does not exceed 20% of the overall value of the services provided. IRS deduction of up to €500 of the costs incurred with the refurbishment. - for housing / permanent rental: Exemption from IMI for 3 years from the year of completion of the works, renewable by decision of the Municipal Assembly for a further 5 years. - for non-permanent rental: Taxation, in IRS, of the property income resulting from the lease at the rate of 5%. Don't miss out on this investment opportunity.