Land with project under approval for 15 villas

Excellent investment opportunity on the east bank of the Arade River. This land, with a total of 24.930m2 and a stunning panoramic view over the river and the city of Portimão, obtained in Nov/2020, by the Municipality of Lagoa, the approval of a PIP - Pedido de Informação Prévia for a project that includes 12 lots for construction of housing (townhouses). In view of the recent change to the local PDM - Plano Director Municipal, a new PIP contemplating a new allotment project for this land is currently being approved by the Municipality of Lagoa, providing for the creation of 15 plots, i.e. providing for the construction of 15 spacious villas, plus a Plot 16 with 216m2 of construction for Services and a communal swimming pool. Each villa will have a generous implantation area of 150 m², guaranteeing ample space, each with a maximum construction area of 225 m², with 2 floors above ground and 315 m² of maximum ground waterproofing area. The architectural features of each villa or all of them together will be left to the free will of the new owner purchasing the land or the individual owners of each plot, thus allowing the creation of personalised and comfortable homes according to each person's taste, but all enjoying the same excellent unique direct views over the River Arade. The unique location of this property allows one to enjoy the natural beauty and contemplate the majestic Algarvian sunsets. The local commerce and services of diverse nature are within walking distance. Talk to us, because if your goal is a safe investment from which you can get an excellent return, you have here a unique opportunity and that, surely, will not be available in the market for much longer!