Development Grandola, Alentejo, Portugal.
Plot Size and Construction Area
1 hectare Land Area – 10,000 sq.m.
Local planning allows for 50 homes to be built up on this parcel of land
240 sq.m. detached home
It would make sense to use this home whilst developing the rest of the estate
The home could also be leased whilst obtaining planning consent
Prime location in central Grandola
Prime main road position.
Plus an additional two sides of the land with street frontage
15 minutes from Carvalhal and Pego Beach
25 minutes from Comporta Village and beach
5 minutes to the motorway to Lisbon, Madrid and the Algarve
1 hour to Lisbon International Airport
An excellent opportunity to develop a private condominium in the centre of the town.
Suitable for both the local and international, second home property buyer.
Ability to build up to 50 homes over two storey’s in a great location.
If your architects came up with the right design you could create a charmimg residential neighbourhood.
Due to the lack of availability and strict planning regulations, this land is probably one of the best investment opportunities in the area.
The surrounding areas of Comporta and Melides are currently booming which is creating the demand for more affordable homes.
The foreigner who wants to buy a second home is now looking at Grandola as an affordable alternative to the villages that are closer to the beach which are much more expensive.
The locals who have sold their prime location homes are also looking for their new primary residence or to invest their proceeds.
There is currently a shortgage of newly built homes in Grandola whilst quality homes are even more hard to find.
The base purchase price for each plot is €32,000, whilst the average plot price in Grandola is approximately €70,000.
Therefore, for the right buyer, this could prove to be a great opportunity and lucrative investment.
The exisitng home could also generate a monthly income whilst obtaining planning permission.
Very close to all of the shops and services for day to day living.
Asking price €1.6m
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