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APPROVED RESIDENTIAL DEVELOPMENT OPPORTUNITY – MONTIJO, GREATER LISBON

€180,000
  • 1 Room
  • 1 Bathroom
  • ~500 m² Total surface
  • ~500 m² Living area
  • ~300 m² Plot surface

Description

Approved Project | 3 Residential Units

Opportunity to acquire a plot for residential development in Montijo, with an approved project for the construction of an apartment building comprising three units. The property is located in an established residential area, with access to local shops, schools, services and the Tagus riverfront, as well as road connections to Lisbon and Lisbon Airport.

Investment Opportunity

The approved project allows an investor or developer to proceed to the next stages of development without having to initiate the municipal planning approval process, reducing planning risk and helping shorten the path to construction, subject to compliance with the applicable procedures.

Montijo is an attractive alternative to central Lisbon for residential development, combining potentially more competitive land acquisition costs with access to the housing market of the Lisbon Metropolitan Area.

Key Project Details

Plot area: 300 Sqm

Approved gross construction area: 500 Sqm

Residential units: 3 T3 apartments (three bedrooms each)

Parking: 4 private spaces

Building height: 3.5 floors

Planning status: Approved project

Estimated development period: 16–18 months

Further Information

Upon request, an executive teaser, financial model and additional project documentation are available.

Site visits and introductory calls to present the investment opportunity may also be scheduled.

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Engel & Völkers Lisboa MMC

Your advisor: Manuel Cosme

Property ID: W-04BUQY

Property details
  • Object type

    Apartment house

  • Rooms

    1

  • Bathrooms

    1

  • Total surface

    ~500 m²

  • Living area

    ~500 m²

  • Plot surface

    ~300 m²

Energy efficiency information
  • Energy certificate available

    No

  • Energy certificate type

    Demand certificate

Location: Montijo, Setubal

Montijo is a Portuguese municipality located in the Setúbal District, on the southern bank of the Tagus River. With a privileged location beside the Tagus estuary, it combines the charm of a historic town with the dynamism of a growing region.

It comprises several civil parishes, including Montijo and Afonsoeiro, Canha, and Pegões. The municipality is known for its rich agricultural, fishing, and cultural traditions. Popular festivities, such as the São Pedro Festival, are a hallmark of local identity, attracting visitors with processions, concerts, and celebrations. Bullfighting culture is an important part of Montijo’s identity, reflected in events such as bullfights and bull-running, which enliven the streets during local festivities.

Its proximity to Lisbon, via the Vasco da Gama Bridge, makes Montijo a popular choice for those seeking to live near the capital while enjoying a more tranquil environment. In addition, the municipality offers excellent infrastructure, services, shops, green spaces, and a charming riverside area, perfect for leisure and social gatherings.

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