Building Land with Potential for 6 Apartments

We present this urban land with 415sqm of total area, located in the area of Companheira, a few minutes from the center of Portimão, in a quiet residential area with good access.
With 830sqm of gross building area, this land has an excellent potential for real estate development, being ideal for the construction of a residential building with 6 apartments and basement for parking.
The previously approved project foresaw the construction of 3 T3 apartments and 3 T2 apartments, a typology very sought after both for permanent housing and for investment.
To frame and validate again the constructive potential, a Prior Information Request (PIP) will be submitted to the City Council of Portimão, with the aim of ensuring the constructive viability of the previous project, offering greater security and predictability to the future investor or developer.
The land is facing the source, ensuring good sun exposure and brightness in the apartments during the morning.
The location allows easy access to commerce, services, schools and the main roads of the city, being also a few minutes from the beaches and leisure areas.
Main characteristics:
- Total area of the land: 415sqm
- Gross building area: 830sqm
- Potential for building with 6 apartments
- Previously approved project for 3 T2 and 3 T3
- Basement for parking
- Spring orientation
- PIP to be submitted for approval
- Location: Companheira - Portimão
An excellent opportunity for developers and investors seeking to develop a housing project in one of the areas with the highest residential demand in Portimão.

Portimão, Faro (Algarve)

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