€4.5M - 6,062m² PIP approved - 6 Villas with Ocean View - Azenhas do Mar, Portugal
Property Overview:
Total Land Area: 6,062.45m².
Development Potential:
6 individual plots of 1,000m² each.
Construction area per villa: 300m².
Ocean views from each plot.
Investment Details:
Asking Price: €2.7M (€450,000 per plot).
Current Valuation: €3.6M (€600,000 per plot).
Total Cost with PIP: €4.5M (€750,000 per plot).
Development Cost per Plot: €600,000.
Projected Sale Price per Villa: €2.5M to €3M (depending on specifications).
Developer ROI:
Estimated total revenue for 6 completed villas: €15M to €18M.
Location Highlights:
Prime location in Azenhas do Mar with breathtaking ocean views.
Perfect for luxury villa development catering to high-end buyers.
Brenda Saraiva
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