Plot with consctruction in Albufeira1 850 000 €

Ref: STC2015

Plot of land already under construction, in Quinta da Correeira, Albufeira.

It is planned to continue construction of a multi family building with 2 basements, ground floor for 4 commercial spaces, 3 homogeneous floors for housing and a floor with 4 penthouse apartments.

Distributed as follows:

* 4 commercial spaces

* 12 T2

* 6 T2 + 1

* 6 T1 + 1

* 4 "Penthouses"

Factors that will minimize the risk in this investment:

* It is not necessary to submit a project, only the application for renewal of the building permit in the form of special licensing for finishes, which translates into a faster restart of construction work.

* Large investment already made in a considerable percentage in the concrete structure (2 basements with the plate at ground floor level) which reduces construction costs.

* Shortage of new buildings in the area as well as constant increase in demand, which, together with this investment would enable the availability of a finished product before the competition.

Property Features

General Information

  • Property Ref.STC2015
  • Price1 850 000 €
  • Property TypePlot with consctruction
  • Bedrooms
  • Bathrooms
  • Total Area1 732 m²
  • Gross Built Area
  • Gross Private Area
  • Year Built
  • Status
  • Furnished

Nearby Facilities

  • Beach2 km
  • Golf courses
  • Restaurants0.5 km
  • Shops0 km