ALGARVE - Albufeira - Plot for construction of an apartment building, for sale, with the base infrastructures already built Albufeira › Albufeira e Olhos de Água

  • For sale 1 850 000 €

 

Reference: LP-1877

  • Property description

    Building Plot for sale, with construction already started, of a Multi Family Building with basement levels, ground floor for 4 commercial spaces, 3 homogeneous floors for the apartments and a retracted floor with 4 'Penthouse' apartments.
     
    The types of properties are distributed as follows:
    - 4 commercial spaces
    - 12 2 bedroom apartments
    - 6 2+1 bedroom apartments
    - 6 1+1 bedroom apartments
    - 4 Penthouses
     
    It is important to note these 3 important factors that will minimize the risks in this investment:

     - There is no need to submit a project, only an application for renewal of the building permit in the form of a special permit for finishing, which results in a faster construction start.

    - Large investment already made in a considerable percentage in the concrete structure (2 basement levels with the supporting base already built on the ground floor level), which reduces construction costs.

    - Scarcity of supply of new buildings in the city, as well as constant increase in demand, which associated with this investment will enable the presentation of a finished product before the competition.
    • For sale 1 850 000 €
    • District: Faro
    • County: Albufeira
    • Parish: Albufeira e Olhos de Água
    • Zone: - - -
    • Status: Under construction
    • Reference: LP-1877
    • Address: Lote 52, Quinta da Correeira, Albufeira SMA13101
    • Property Type: Building Plot
    • Land area: 1,732 m²
  • Location