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Property description
Prime Development Opportunity: 3700m² Land in Central Ferragudo for 5 Luxury VillasUnlock exceptional potential with this 3700m² parcel of land, strategically located in the heart of Ferragudo, offering a rare opportunity to develop five high-end detached villas. This prime location provides the perfect balance of tranquil residential living and immediate access to the vibrant charm of FPrime Development Opportunity: 3700m² Land in Central Ferragudo for 5 Luxury VillasUnlock exceptional potential with this 3700m² parcel of land, strategically located in the heart of Ferragudo, offering a rare opportunity to develop five high-end detached villas. This prime location provides the perfect balance of tranquil residential living and immediate access to the vibrant charm of Ferragudo and the wider Algarve region.Ferragudo & Surrounding Area:Authentic Charm: Immerse yourself in the picturesque beauty of Ferragudo, a traditional fishing village renowned for its whitewashed architecture, scenic harbor, and acclaimed dining scene.
Proximity to Portimão: Enjoy the convenience of nearby Portimão, the Algarve’s second-largest city, offering comprehensive amenities including beaches, nightlife, shopping, healthcare, and educational facilities.Development Potential:The land has been previously approved for a project consisting of 4 semi-detached villas and 1 detached villa. Each villa would be a T3 property of 2 storeys with a pool and two parking places. Each villa will have 266m2 total construction area and be implanted on 5 individual plots of 432 to 608m2If building 5 villas is not what you are looking for, alternative development options are possible. In fact the City has already approved the following: - Permitted Uses: Habitation, Retail, Services, Industrial and Tourism- Density: Maximum 20 units/hectare (7 dwellings)- Construction Coefficient: 0.36 (1,332m2)- Implantation Coefficient: 0.25 (925m2)- Maximum building storeys: 2Market Analysis: Recent real estate transactions in Ferragudo indicate strong demand for high-quality villas, with 3-bedroom properties selling between €850,000 and €1,450,000. Based on the property’s prime location, proposed amenities and premium finishes, projected sales prices are estimated at €1,150,000 per villa.Financial Projections:Assuming an average construction cost of €1,600/m2, connectivity cost of €400,000 and a construction period of 18 months, this represents a potential return on investment of approximately € 1.525,000 (or an annualized cash return of 25%).Investment Highlights:⭐ Prime central Ferragudo location.⭐ Potential for significant return on investment.⭐ Strong market demand for luxury villas in the region.⭐ Opportunity to create a prestigious residential development.Contact us to learn more about this exceptional investment opportunity.#ref: 138690
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