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How can I invest in a residential plot with approved plans for villas?

Plot in Santa Catarina da Fonte do Bispo

ref. TV2046
6.490.764NOK 6.383.577NOK
  • NA
  • 12.211m2
  • Building Plot

Investing in a residential plot with approved plans for villas has never been easier than with this stunning property in Santa Catarina. This expansive plot of land, measuring 12,211 m², comes with an approved project for a primary villa and a secondary guest house, ideal for generating rental income or accommodating family and friends. Priced at £536,000, this land is not only an investment in property but also an opportunity in tourism.

The main villa features a footprint of 377 m², including two en-suite bedrooms, a garage for four cars, and versatile multimedia spaces that can be tailored to your needs. There’s ample outdoor space for a biological pool and garden areas that boast beautiful views of the sea and surrounding countryside.

The potential for additional development is part of the allure of this property, with plans for four studio units awaiting approval to maximize rental opportunities further. Located 15 km from the coast and surrounded by enchanting countryside filled with local flora, it's perfect for buyers looking to connect with nature while enjoying modern comforts.

Investment in this plot not only secures a future home or guest accommodation but also a chance to partake in the growing trend of rural tourism in the Algarve. Explore this opportunity that promises both personal enjoyment and potential financial returns.

Get in touch to find out how you can turn this residential plot into a thriving venture!

Usage
Residential
Type
Plot
Town
Santa Catarina da Fonte do Bispo
Parish
Santa Catarina da Fonte do Bispo
Municipality
Tavira, Faro
Region
Algarve (East)
Surface area
377 m²
Plot Area
12.211 m²
Country Road
Countryside View, Sea View
Building Plots
• Construction size 377m²
• Total urban footprint 529m²
• Plot size 12.211m²
• Approved project in place
• The price includes the plot and the approved project but not the construction of the building
• 15km to sea and beaches
• Sea views

The building permission is for a 2 en-suite bedroom villa with 377m² footprint. The basement would provide enough space for a garage for 4 cars, several storage rooms and two multimedia rooms. In addition to this, a guest house with 2 suites, with an area of just over 150m².

This project is viable for touristic usage in the form of country houses, with a biological pool and leisure area facing south with sea views. There is an additional plan for 4 x T0 studios in drawing in a plot of 444m² but these are not included in the approved architecture plan and should be submitted for approval if so desired.

With this additional area of construction, it makes this project an exciting opportunity for Rural Tourism in a picturesque location close to Santa Catarina da Fonte do Bispo.

The surrounding land consists of wide-open plains with carob, fig, almond and olive trees.

Price is for plot only, construction price is extra and costs depend on finishes desired. It is anticipated that all approvals will be in place for construction works to commence in 2024.

Please contact us to see the full plans and for a visit to the location.

Amenities

• License for borehole
• Licença de Especialidades in process
• Licença de Construção in process
• Possibility to connect to mains electricity and phone network

Location

• 2km to Santa Catarina da Fonte do Bispo
• 15km to Tavira
• 15km to sea and beaches
• 19km to golf
• 31km to Faro airport
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