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How can I purchase multiple building plots in Parchal for a residential development?

Plot in Parchal

ref. LE1316
1.100.000€
  • NA
  • 2.880m2
  • 1.499m2
  • Building Plot

You can purchase a fantastic opportunity to acquire six neighbouring plots in Parchal, ideal for a residential development. These plots have planning permission for constructing a stunning two-storey detached villa along with five apartment blocks, each featuring a total of 20 apartments designed with T2 and T3 layouts. Perfect for developers, the combined area spans 1472 m² and includes the convenience of modern amenities just a short distance away.

Located close to the serene Arade River, these plots are just 2.5 km from the nearest beach, providing a peaceful setting away from tourist crowds. Residents will appreciate the proximity to a major supermarket and multiple golf courses within a short drive. The vibrant city of Portimão, renowned for its shopping and local culture, is also nearby, making it an excellent location for potential homeowners and investors.

Each plot allows for flexibility, and you may consider modifying existing plans to suit your vision. The investment viability is backed by the original strategy of phased construction, which helps in maintaining a low initial investment while ensuring a sustained return as the project progresses. With building plots priced at €1,100,000, you can secure this lucrative opportunity now.

Investing in these plots not only offers an excellent development chance but also contributes to the growing appeal of the Algarve region. Contact us today to explore these building plots further and begin your journey in residential development!

Usage
Residential
Type
Plot
Town
Parchal
Parish
Estômbar e Parchal
Municipality
Lagoa, Faro
Region
Algarve (Central)
Living Area
2.880 m²
Plot Area
1.499 m²
Tarmac
Countryside View
Building Plots
• Total area: 1472 m²
• 6 plots with projects
• 1 villa
• 5 apartment blocks, 20 apartments
• The price includes the plot only, not the construction costs
• Nearest beach 2.5km

6 plots of land located a mere 300m from the Arade River. This is a quiet urbanization in the small village of Parchal which is located just behind the popular fishing town of Ferragudo. Away from hustle and bustle of the big city, and away from the confusion of the summer tourists at high season. Within walking distance of a major supermarket and a short drive to many beautiful beaches and a selection of golf courses. The big city of Portimão is also a short drive where you can find major shopping centres and other amenities.

This is a fantastic opportunity to purchase 6 neighbouring plots all with projects. The original plan was to construct and sell in phases, assuring a low initial outlay and opportunity to attain returns ready to reinvest in the following phases.

Overview of individual plots:
1. Total area 235m² with living area 280m² to construct a detached villa.
2. Total area 243m² living area 520m² over two floors, 2 x two bedroom apartments and 2 x 3 bedroom apartments.
3. Total area 243m² living area 520m² over two floors, 2 x two bedroom apartments and 2 x 3 bedroom apartments.
4. Total area 243m² living area 520m² over two floors, 2 x two bedroom apartments and 2 x 3 bedroom apartments.
5. Total area 243m² living area 520m² over two floors, 2 x two bedroom apartments and 2 x 3 bedroom apartments.
6. Total area 243m² living area 520m² over two floors, 2 x two bedroom apartments and 2 x 3 bedroom apartments.

Amenities

• Possibility to change plans
• Close to all amenities

Location

• Distance to the sea – 2km
• Nearest town 0km
• Nearest beach 2.5km
• Nearest school 500m
• Nearest golf 3km
• Distance to airport 65km
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