Land for sale in Porto Santo, Portugal — €890,000

About this land

Original listing description, in Portuguese.

We present an exclusive urban land, located in one of the quietest and most privileged areas of the island, with a subdivision project already approved by the City Council.A unique opportunity to immediately start a housing development of 15 single-family houses, in a true natural paradise.Location:Lomba, Section A-I, Porto Santo Island - MadeiraTotal area: 10,420 m²Approved project - ready to build:15 plots for single-family housesMaximum 2 floors per dwellingTotal buildable area: 5,988 m²Overall area of intervention: 9,687 m²Nature reserve: 7 We present an exclusive urban land, located in one of the quietest and most privileged areas of the island, with a subdivision project already approved by the City Council.A unique opportunity to immediately start a housing development of 15 single-family houses, in a true natural paradise.Location:Lomba, Section A-I, Porto Santo Island - MadeiraTotal area: 10,420 m²Approved project - ready to build:15 plots for single-family housesMaximum 2 floors per dwellingTotal buildable area: 5,988 m²Overall area of intervention: 9,687 m²Nature reserve: 733 m²Assignment to the public domain: 3,699 m²Streets and circulation: 1,820 m²Tours: 1,200 m²Communal green spaces: 679 m²Private parking in each lotRainwater harvesting system per houseMinimum setbacks: 3 m lateral and 5 m at the backThe project is ready to move forward: all you have to do is deliver the technical specialities (water, sanitation, electricity, acoustics, etc.), already budgeted and prepared by a civil engineer.Extra potential for big visionsAlthough approved for 15 houses, the land allows other solutions with high return (upon municipal approval):Luxury gated communityTourist resort or local accommodationSupermarket, hypermarket or island logistics centrePrivate health clinic or unitCollege, nursery or educational centreA rare opportunity to invest in a paradise island, with the project already authorised and all the documentation in order._______________________________________________________________________________________________________________________The information provided, although accurate, is merely informative, so it cannot be considered binding, and may be subject to change. Energy Rating: Exempt #ref:HH_227PXO25