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Other for sale in Sado, Portugal
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Other for sale in Sado, Portugal

2 000 000€

Sado

Features

  • 1.05 hectares of land (2.6 acres)
  • N/C

Investment Breakdown

Gross Yield:

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Time to pay off with rent:

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Price Difference:

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Expected Rent:

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Property description

Approved project by the Municipal Chamber, with a total area of 10,452m2, located in Quinta do Meio Development (Praias do Sado - Setúbal). This property consists of 14 semi-detached single-family houses, forming a block composed of 7 lots of 276.83m2 each. Each lot proposes 2 houses with 125m2 of living space each, distributed over 2 floors, with parking for two cars in the basement. Additionally, there are 80 apartments spread across 10 residential buildings, with lot sizes ranging from 437.50m2 for lots 8 to 17, and lot 18 featuring 6 existing residences, totaling 100 housing units. It should be noted that the layout of the lots takes advantage of the terrain's slope, with the houses located at the top to the north and the buildings in the central part to allow for more open views. In terms of pricing, with a property of this size and scope, the asking price of 2,000,000 is a reflection of the potential for development and investment in this desirable location. The diverse range of housing options, from single-family homes to apartments, offers a unique opportunity for both homeowners and investors looking to capitalize on the growing real estate market in this area. Additionally, the approved project and strategic layout of the property make it a valuable asset for those seeking to develop a residential community with a mix of housing options.

Location

Sado

Date added: 26.11.2024