Other for sale in Ajuda, Portugal

• 2000 m² of land (21528 sqFt)
• N/C

Land with a total area of 2000m2, excellent location near the Ajuda University Campus and close to the National Palace of Ajuda. There is the possibility of constructing a residential building with 5 floors, a frontage of approximately 50m, and a depth of 15m, with the remaining space to be utilized as a courtyard. This building perspective aligns with the regulations outlined in article 54 of the PDM Regulation, in section c) of point 2), where the maximum Gross Utility Index (Iub) is 2m2/m2, allowing for a housing occupancy of approximately 4000m2 within the 2000m2 plot. The price of 3,000,000 for this property is reflective of its prime location near a university campus and historical landmarks, as well as its potential for a substantial residential development. With the possibility of constructing a 5-story building with a sizable frontage, this property presents a lucrative opportunity for developers or investors looking to capitalize on its ideal placement in Ajuda.